Guotai Junan grabs $226m as sell-off shakes ABC ‘elephant’
Guotai Junan International became the first Chinese-owned brokerage to sell shares abroad this week when it priced a HK$1.763bn ($226m) IPO. This was despite a sell-off in Hong Kong and mainland stocks that had left some market participants jittery about the much bigger float of Agricultural Bank of China.
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