China Education bags GIC, IFC as IPO cornerstones

China Education Group Holdings has opened books for its up to HK$3.5bn ($450m) IPO in Hong Kong, with high-profile investors such as GIC and International Finance Corp taking up cornerstone positions.

  • By John Loh
  • 04 Dec 2017

Sole sponsor BNP Paribas launched the trade on Monday morning together with joint global co-ordinator Citic CLSA Securities.

The issuer is offering 500m primary shares, or 25% of its enlarged capital base, at HK$5.86 to HK$$7.02 apiece. This will raise between HK$2.9bn and HK$3.5bn in the base deal. ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2,041.17 5 13.96%
2 CITIC Securities 1,203.52 4 8.23%
3 Citi 1,085.69 6 7.43%
4 Huatai Securities Co Ltd 1,006.47 5 6.88%
5 Morgan Stanley 816.96 5 5.59%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 3,253.25 9 3.96%
2 Citi 2,757.53 17 3.36%
3 JPMorgan 2,708.87 7 3.30%
4 HSBC 2,677.89 23 3.26%
5 Morgan Stanley 2,299.31 10 2.80%

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