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 to launch $3b IPO in HK

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.

Beijing-based Legend, an investment group focused on IT, financial services and agriculture, is the latest mainland firm to apply for a Hong Kong IPO and joins several Chinese banks, brokerages and insurers...

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