Orient, CDB Leasing price IPOs near bottom

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By Jonathan Breen
30 Jun 2016

China’s DFZQ, also known as Orient Securities Co, and China Development Bank Financial Leasing Co have raised a combined HK$14bn ($1.8bn) after pricing their IPOs towards the low end of guidance, according to sources close to the deals.

DFZQ priced its offering of 957m shares at HK$8.15 apiece on Wednesday evening, following guidance of HK$7.85-HK$9.35, said one the sources. Investors were price sensitive, which was why the IPO was priced closer to the bottom end. 

The final ...

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