Huatai pre-markets IPO at discount to A shares

Chinese brokerage likely to offer the same large discount as GF Securities to ensure flotation's success in the face of a long pipeline of equity deals from the sector.

Huatai pre-markets IPO at discount to A shares

Huatai Securities looks set to follow in the footsteps of GF Securities and offer a large discount to its A-shares to ensure the success of its Hong Kong initial public offering, which began pre-marketing on Monday. 

Recent equity offerings from Chinese brokerages have all been extremely well received in the primary market and traded up in the secondary. And early indications suggest that Huatai's forthcoming deal is also on course to attract strong demand...

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