HTSC takes $4.5b HK IPO on the road

Huatai Securities has enlisted 13 cornerstone investors including Tencent Chairman Pony Ma to subscribe to $1.9 billion worth of shares.

Huatai Securities begins the roadshow for its initial public offering in Hong Kong today, looking to raise up to HK$34.7 billion ($4.48 billion) on a wave of favourable market sentiment toward Chinese brokerages.

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