Cornerstones to invest $516m in Huishang Bank IPO

The up to $1.3 billion deal was largely covered by China-based accounts pre-launch, highlighting once again the selective interest in new listings by institutional investors.

Cornerstones to invest $516m in Huishang Bank IPO

The launch of Huishang Bank’s initial public offering on Tuesday comes as the Hong Kong IPO market continues to pick up steam with several deals due to price this week and next, and with a pipeline of other potential listing candidates busy preparing in the wings.

The bank is aiming to raise between HK$9.07 billion and HK$10.14 billion US$1.17 billion and US$1.31 billion and looks set to become at least the...

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