Bohai Bank to price billion-dollar-plus HK IPO low

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By Jonathan Breen
08 Jul 2020

China Bohai Bank is set to price its Hong Kong IPO around the bottom of the marketed range on Thursday to net HK$13.7bn ($1.77bn), according to a source close to the deal.

The IPO sponsors ABC International, CCB International, CLSA and Haitong International had the offer covered from the first day of bookbuilding on June 30.

But despite being well oversubscribed, the IPO is likely to be priced at the bottom or just off the bottom of the range, ...

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