Huishang Bank has raised HK$9.21 billion $1.19 billion from its Hong Kong initial public offering after fixing the price slightly above the bottom of the range at HK$3.53.
The city commercial bank, which is based in the Anhui province just west of Shanghai, was offering the shares at a price between HK$3.47 and HK$3.88.
Pricing coincided with a somewhat muted debut by Bank of Chongqing on Wednesday. The Chinese lender dropped to a low of HK$5.91 early in the session but then edged slightly higher and at one point in the afternoon it went through the HK$6 IPO price to reach...
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