China Re raises $2b from HK IPO

China’s largest reinsurer drew a strong response from investors for its jumbo deal, which should raise investor expectations for upcoming Hong Kong IPOs.

China Re raises $2b from HK IPO

China Reinsurance, the country’s biggest reinsurer by number of written premiums, raised $2 billion from its Hong Kong initial public offering after pricing 5.77 billion shares at the top of the HK$2.25HK$2.70 indicative price range on Friday, a source close to the transaction told FinanceAsia.

The largest deal following China’s stock market plunge over the summer will raise investor expectations for upcoming IPOs in Hong Kong because the...

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