Banks line up for Citic Securities' Hong Kong IPO

Citic Securities' debut in Hong Kong is likely to be one of the city's most high-profile IPOs.

Banks line up for Citic Securities' Hong Kong IPO

Investment banks and international investors are lining up to take part in Citic Securities’ Hong Kong share sale, which analysts say will allow China’s biggest brokerage to raise $3 billion, making the deal a promising candidate for Hong Kong’s largest IPO in 2011.

“The brokerage firm has received many proposals from different banks hoping to get involved in the deal,” said a source. “There were also many institutional investors that approached the firm as soon...

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