China outlines fresh IPO underwriting, allocation rules

Beijing_230
By GlobalCapital
14 Jan 2016

The Securities Association of China (SAC) has released further guidelines on underwriting and allocation for IPOs, in line with the new rules issued by the China Securities Regulatory Commission (CSRC).

In amending its guidance for underwriting new share sales, the SAC said that underwriters and issuers can either opt for a price discovery process with investors or market offerings at a fixed price.

But IPOs of 20m shares or less with no secondary shares can now only be ...

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