GF Securities has raised HK$27.9 billion $3.6 billion after pricing its Hong Kong initial public offering at the very top end of the indicative price range on Tuesday.
China’s fourth-largest broker by assets has executed the largest listing in Asia so far this year and could raise upto $4.1 billion post greenshoe.
The deal has generated strong demand from both institutional and retail investors who are taking the opportunity to buy into the soaring A-share market.
The institutional book was covered on the first day after the deal launch and multiple times covered throughout the price range before pricing. The book attracted...
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