Huatai pre-markets IPO at discount to A shares

Chinese brokerage likely to offer the same large discount as GF Securities to ensure flotation's success in the face of a long pipeline of equity deals from the sector.

Huatai Securities looks set to follow in the footsteps of GF Securities and offer a large discount to its A-shares to ensure the success of its Hong Kong initial public offering, which began pre-marketing on Monday. 

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