Guizhou bank targets $737m from Hong Kong listing

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By Jonathan Breen
16 Dec 2019

Chinese provincial lender Bank of Guizhou kicked off bookbuilding for its Hong Kong IPO on Monday, seeking HK$5.7bn ($736.8m) from the deal.

To run its IPO, the bank has appointed a nine-strong syndicate, including joint sponsors ABC International, CCB International and CLSA.

The bookrunners are marketing 2.2bn H-shares with price guidance of HK$2.46 to HK$2.61 apiece, which means the bank could net HK$5.4bn to HK$5.7bn. The float is split 90%-10% ...

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