Guolian Securities flags attractive IPO valuation

Another day another Chinese brokerage as Guolian Securities launches its Hong Kong flotation and offers a compelling valuation to stand out from a crowded field.

Guolian Securities launched its Hong Kong initial public offering on Monday, pitching the HK$3.143 billion to HK$3.65 billion ($405 million to $471 million) deal at an attractive valuation in an effort to capture investors' attention at a time when markets remain extremely choppy.

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