Yixin rides off with bumper $867m Hong Kong IPO

Yixin Group raised its full target of HK$6.8bn ($867.2m) in a Hong Kong IPO that was overwhelmed by orders, allowing the issuer to price at the best end of terms.

  • By John Loh
  • 10 Nov 2017


Global co-ordinators China Merchants Securities, Citi, Credit Suisse and UBS sold 878.7m primary shares in Yixin at the top of a HK$6.60 to HK$7.70 per share indicative range on Friday, said a banker on the deal.

The listing rounds off a bumper week for IPOs in Hong ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

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1 UBS 14,054.18 85 5.94%
2 CITIC Securities 13,958.14 79 5.90%
3 Goldman Sachs 10,886.27 55 4.60%
4 Morgan Stanley 10,221.90 54 4.32%
5 China Securities Co Ltd 9,861.82 46 4.17%

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1 HSBC 32,532.75 218 8.19%
2 Citi 30,602.78 186 7.70%
3 JPMorgan 23,972.21 138 6.03%
4 Bank of America Merrill Lynch 20,655.77 107 5.20%
5 Standard Chartered Bank 16,700.51 126 4.20%

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