China Securities targets punchy IPO valuation

The country’s 14th largest brokerage by net asset value hopes to achieve a valuation premium to its peers. The Shenzhen-HK stock connect scheme will help.

China Securities launched a HK$8.2 billion ($1.06 billion) initial public offering on Monday, setting  aggressive terms in the hope the imminent launch of a stock trading link between Hong Kong and Shenzhen will give it momentum.

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