PICC secures $1.8 billion of cornerstone orders

The Chinese insurance giant is seeking to raise up to $3.6 billion from the Hong Kong IPO that opens today. The company finally names 13 bookrunners.

PICC Group has lined up $1.77 billion of cornerstone demand ahead of its initial public offering in Hong Kong, which is likely to raise between $3 and $3.6 billion.

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