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...

To continue reading, please login or register for free

Click for more on: ipo | hong kong | banks | huatai

Print Edition

FinanceAsia Print Edition