Broking

Shenwan Hongyuan aiming for magnificent 7th with IPO

Belatedly following six bigger rivals, the Shanghai-based brokerage is to tap the Hong Kong market for funding with the city’s biggest IPO so far this year. The timing could be propitious.

Danny Leung

April 11, 2019

Shenwan Hongyuan Group launched on Thursday what is set to be the largest initial public offering in Hong Kong so far this year as the Shanghai-based brokerage seeks as much as HK$9.8 billion ($1.25 billion) to belatedly catch up with its bigger rivals.

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