No surprise: Harbin Bank prices $1.1bn IPO near bottom

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No surprise: Harbin Bank prices $1.1bn IPO near bottom

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Asia ex Japan’s second largest IPO of 2014 overcame a multitude of obstacles as Harbin Bank raised HK$8.67bn ($1.1bn) on March 25. As expected, though, the float priced close to the bottom of its indicative price range.

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