Huatai pre-markets IPO at discount to A shares

Chinese brokerage likely to offer the same large discount as GF Securities to ensure flotation's success in the face of a long pipeline of equity deals from the sector.

Huatai Securities looks set to follow in the footsteps of GF Securities and offer a large discount to its A-shares to ensure the success of its Hong Kong initial public offering, which began pre-marketing on Monday. 

Recent equity offerings from Chinese brokerages have all been extremely well received in the primary market and traded up in the secondary. And early indications suggest that Huatai's forthcoming deal is also on course to attract strong demand from both retail and institutional investors.

However, investors remain keenly aware that a long pipeline of Chinese brokerages hope to raise billions of dollars to expand their equity capital with either new...

¬ 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