CICC slashes IPO size by 28%

The Chinese investment bank's final valuation range is a far cry from its initial billion-dollar ambitions.
CICC's headquarters in Beijing
CICC's headquarters in Beijing

China International Capital Corp, the country’s first joint venture investment bank, could end up raising 28% less than what it has targeted in its long awaited initial public offering in Hong Kong, after finalising details for the sale late Friday.

¬ Haymarket Media Limited. All rights reserved.

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