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在线翻译:
szdaily -> Business/Markets -> 
Shenwan Hongyuan prices HK share offer
    2019-04-19  08:53    Shenzhen Daily

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

The deal is Asia’s biggest listing so far this year and the world’s sixth largest, Refinitiv data showed.

Shenwan Hongyuan had set an indicative price range of HK$3.63 (US$0.46)-HK$3.93 per share for the 2.5 billion shares on offer.

There is a greenshoe, or over-allotment option, of up to 15 percent, which could bring the total raised to US$1.3 billion.

Hong Kong had a stellar 2018 in terms of stock market listings, with companies raising US$36.3 billion in the city, the most of any stock exchange globally.

This year, however, is likely to be slower as the stream of companies on the mainland looking to go public thins.

Companies have raised US$2.9 billion in initial public offerings in Hong Kong so far in 2019, compared with US$6.4 billion raised on the Nasdaq in New York, Refinitiv data showed.

Shenwan Hongyuan secured 13 cornerstone investors for its Hong Kong listing, which together committed to buy about US$829 million worth of shares, a term sheet showed. (SD-Agencies)

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