Banks line up for Citic Securities' Hong Kong IPO

Citic Securities' debut in Hong Kong is likely to be one of the city's most high-profile IPOs.
A branch of Citic Securities in Shanghai (AFP)
A branch of Citic Securities in Shanghai (AFP)

Investment banks and international investors are lining up to take part in Citic Securities’ Hong Kong share sale, which analysts say will allow China’s biggest brokerage to raise $3 billion, making the deal a promising candidate for Hong Kong’s largest IPO in 2011.

“The brokerage firm has received many proposals from different banks hoping to get involved in the deal,” said a source. “There were also many institutional investors that approached the firm as soon as its shares suspended trading in Shanghai last month.”

Citic Securities will submit its listing application to the Hong Kong stock exchange by the end of May or early June, and the...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222