Issuers race toward HK IPO completion before year end

By Jonathan Breen
04 Dec 2018

Luzhou City Commercial Bank and Ever Sunshine Lifestyle Services Group kicked off bookbuilding for their respective IPOs as they aim to cross the finish line before the end of the year.

Chinese regional bank Luzhou City Commercial is offering 545.7m shares at a range of HK$3.15 to HK$3.4 apiece. This will give it deal worth potentially HK$1.72bn to HK$1.85bn ($237.6m), and a market capitalisation as high as HK$7.4bn. There is a 15% greenshoe of 81.9m shares.

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