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 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 Everbright Securities' share sale will take place between August 8 and August 11. The shares are expected to begin trading on August 18 in Hong Kong. 

China Everbright Capital, UBS...

¬ 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