May
22
Huatai Said to Plan Top Pricing for $4.5 Billion Hong Kong Offer
ByHuatai Securities Co., China’s fourth-biggest listed brokerage by revenue, is poised to raise $4.5 billion from a first-time share sale in Hong Kong, people with knowledge of the matter said.
The Nanjing-based company plans to sell shares at HK$24.80 apiece, the top end of a marketed range that started at HK$20.68, said the people, who asked not to be identified because the information is private. The price represents a 35 percent discount to Huatai’s close of 30.40 yuan in Shanghai on Thursday…
Huatai Said to Plan Top Pricing for $4.5 Billion Hong Kong Offer
