Everbright Securities premarkets $1bn HK listing

The Shanghai-based brokerage gauges market demand for a Hong Kong share sale that has been delayed since the beginning of the year.

Everbright Securities premarkets $1bn HK listing

Everbright Securities began investor education for a long-awaited H-share listing on Monday, bringing an end to an almost one-month dry spell in Hong Kong’s equity market.

The Shanghai-headquartered securities firm will conduct premarketing sessions for a week before officially kicking off the $1 billion share sale on August 8, according to a source familiar with the situation.

The timetable for the deal is still tentative, but bankers hope the institutional bookbuild for...

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