Guotai Junan's IPO poised to be year's biggest

Chinese brokerage charges into the country's bull market with a deal pitched at a big discount to fair value estimates.
Can China's bull market stay afloat?
Can China's bull market stay afloat?

Guotai Junan Securities launched the world’s largest initial public offering of the year on Wednesday after setting the price for its Rmb30.1 billion ($4.83 billion) Shanghai listing at Rmb19.71 per share.

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