Bank of Chongqing takes the middle ground with $547m IPO

By Rev Hui
01 Nov 2013

Bank of Chongqing, the first Chinese lender to tap Hong Kong's IPO market in three years, raised HK$4.24bn ($547m) on October 31, pricing the deal close to the middle of its indicative price range.

Unsurprisingly, taking into account Bank of Chongqing's domestic-focused business, Chinese corporate investors and high-net worth individuals showed the most interest in the deal, followed by Asian long-only accounts and hedge funds.

No information on the number of investors or the subscription levels of the institutional tranche was ...

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