Shenwan Hongyuan prices HK share offer at bottom of range, raises $1.2 billion-sources

19-Apr-2019 Intellasia | Reuters | 6:38 AM Print This Post

Chinese securities firm Shenwan Hongyuan Group Co Ltd has priced its Hong Kong share offering at the bottom end of a marketed range, raising $1.16 billion, two people with direct knowledge of the matter said.

Shenwan Hongyuan had set an indicative price range of HK$3.63-HK$3.93 ($0.4628-$0.5010) per share and was selling 2.5 billion shares.

The listing is Asia’s largest so far this year.

Shenwan Hongyuan did not immediately respond to a request for comment. ($1 = 7.8442 Hong Kong dollars)


Category: Hong Kong

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