china galaxy

Chinese brokerage charges into the country's bull market with a deal pitched at a big discount to fair value estimates.

The Chinese brokerage's Shanghai initial public offering is likely to be the mainland's largest in five years.

The China-based oilfield services company raises $106 million from the offering, while Xinchen China launches its Hong Kong IPO of up to $113 million.

The China-based oilfield services company seeks to raise up to $109 million from the offering with cornerstone investors taking about one-third.

With the Lunar New Year holidays out of the way, China’s Petro-king joins Xinchen China Power in starting to gauge the investor appetite for Hong Kong listings.