Huatai raises $4.5b through HK IPO

Carried by the strong post-listing market performance of Chinese brokerages, HTSC's Hong Kong float qualifies as the largest regional offering of the year.

Huatai raises $4.5b through HK IPO

Huatai Securities, China's largest stock brokerage by trading volume, has raised HK$34.7 billion $4.5 billion on the Hong Kong Stock Exchange, pricing the listing at the top of the price range.

The broker, also known by the acronym HTSC, priced its 1.4 billion new H-shares at HK$24.8 per unit, qualifying the deal as the largest flotation in the Asia Pacific region this year.

Recent equity offerings by Chinese...

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