Everbright Securities premarkets $1bn HK listing

The Shanghai-based brokerage gauges market demand for a Hong Kong share sale that has been delayed since the beginning of the year.

Everbright Securities premarkets $1bn HK listing

Everbright Securities began investor education for a long-awaited H-share listing on Monday, bringing an end to an almost one-month dry spell in Hong Kong’s equity market.

The Shanghai-headquartered securities firm will conduct premarketing sessions for a week before officially kicking off the $1 billion share sale on August 8, according to a source familiar with the situation.

The timetable for the deal is still tentative, but bankers hope the institutional bookbuild for...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES