Standard Chartered closes landmark equity offering.

All three of Hong Kong''s note issuing banks are now listed on the domestic stock exchange following the successful completion of Standard Chartered''s dual primary listing.

Lead manager Goldman Sachs was able to successfully price a 30.4 million share offering for Standard Chartered last Friday, balancing the slim discount permitted under UK guidelines with a 15% run up in the bank's share price since the onset of pre-marketing two weeks earlier. More importantly for Standard Chartered, completion of the deal sees the bank achieve a long cherished and once postponed goal of listing in Hong Kong and bringing Asian institutional investors to its stock for the...

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