Haitong H-share IPO

Haitong Securities raises $1.67 billion from HK IPO

Shanghai-listed brokerage Haitong Securities prices its relaunched Hong Kong offering below the mid-point, even though good support from cornerstones and anchors gives other investors the confidence to come into the deal.

<div style="text-align: left;"> Photo: ImagineChina</div>

April 23, 2012

Haitong Securities, China’s second-biggest brokerage in terms of total and net assets, has raised HK$13 billion ($1.67 billion) from its initial public offering after fixing the price below the mid-point of the range at HK$10.60 a share.

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