Chinese IPOs

Citic Securities raises $1.7 billion

Retail investors order only 0.4% of the total offering, while the institutional book is three times covered.
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(AFP) </div>
<div style="text-align:left;"> (AFP) </div>

Citic Securities, China’s largest publicly traded brokerage, has raised HK$13.2 billion ($1.7 billion) in the largest IPO from the financial sector in Asia-Pacific so far this year.

¬ Haymarket Media Limited. All rights reserved.

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