China brings its 'A' Game with $1.6b Orient IPO

Broker Orient Securities bumper IPO, the largest in roughly three years, suggests China's securities regulator is ready to loosen up after a lengthy overhaul of domestic markets.

China brings its 'A' Game with $1.6b Orient IPO

Broker Orient Securities is looking to raise Rmb10 billion $1.6 billion through a Shanghai listing, China's biggest A-share initial public offering in roughly three years.

The company is among 24 who received clearance on Monday from the China Securities Regulatory Commission to begin work on potential listings.

Shanghai-based Orient Securities is selling up to 1 billion new shares or 18.9% of its share capital. It will start receiving orders from investors...

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