Legend to launch $3b IPO in HK

The largest shareholder in computer giant Lenovo plans to capitalise on favourable sentiment towards China’s financial sector and Beijing's further loosening of capital flows.

Legend Holdings, the largest shareholder of personal-computer maker Lenovo Group, is joining the queue of Chinese financial companies with plans to tap Hong Kong capital markets by filing a listing application for a $3 billion IPO with the Hong Kong Stock Exchange.

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