Huishang Bank raises $1.19 billion from IPO

The Chinese lender fixes the price towards the low end of the range, while Bank of Chongqing closes just below the IPO price in its trading debut.
Huishang Bank attracted some interest from international institutions, and one source said there were more than 100 accounts in the order book.
Huishang Bank attracted some interest from international institutions, and one source said there were more than 100 accounts in the order book.
November 07, 2013

Huishang Bank has raised HK$9.21 billion ($1.19 billion) from its Hong Kong initial public offering after fixing the price slightly above the bottom of the range at HK$3.53.

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