Tag: citic securities

The developer of urban housing and commercial projects prices near the top of the range amid improving sentiment for property IPOs. The Sichuan-focused developer looks to tap the market for up to $413 million with six cornerstone investors already signed up. Metallurgical Corp of China raises a combined $5.15 billion from dual A- and H-share IPO, making it the world's second largest listing this year. Meanwhile, China Lilang prices ... MCC, the world's largest metallurgical engineering and construction firm, kicks off this year's largest Hong Kong IPO, while three more companies start pre-marketing. The aluminium extrusion company raises $1.26 billion and becomes the largest IPO so far this year amid good interest from global institutions. Retail investors are less ... Offered at a slight premium over its closest competitor, the aluminium extrusion products manufacturer is set to become the largest IPO globally year-to-date. Chinese aluminium company Zhongwang is to start formal marketing on Monday. The roadshow will focus on its potential as a play on China's aggressive railway spending and the ... Taking on a new role as head of equity capital markets, Yuen will help to expand the US investment bank's ECM franchise in Asia. The construction company writes history as the most popular Hong Kong IPO with retail investors ever, drawing strong demand for its $2.3 billion H-share offering. The construction and infrastructure company aims to raise as much as $5.3 billion from its dual A-share and H-share listing. The two firms enter a $1 billion alliance and an investment banking joint venture to cover Asia with specific emphasis on China. In a move some domestic commentators describe as opportunistic, Citic Securities seeks to raise $3 billion from a placement of A-shares. Meanwhile, Mainland institutions prompt a slight narrowing of Citic Bank's price range, shrinking the maximum IPO size. Japan's Mizuho signs on as one of four cornerstone investors. Valuation reflects the lack of size as a marketing argument. Sources suggest the Chinese lender may raise more than $4 billion from the dual listing with a small portion going to cornerstone investors. The China fund will source money from local investors via a JV with CITIC Securities.