Hanhua Financial to kick-off IPO roadshow

The Chinese microfinance group aims to raise up to $400 million in an initial public offering in Hong Kong but it may not be an easy sell.

Hanhua Financial to kick-off IPO roadshow

The pre-marketing has started for the Hong Kong initial public offering of Hanhua Financial Holding, a Chinese microfinance company that aims to raise up to $400 million.

According to the term sheet, there will be 988 million H-shares on offer, with 148.2 million on greenshoe. The international roadshow will start on Monday, with the listing scheduled for March 10.

Hanhua Financial will use roughly 70% of the proceeds from the IPO for...

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