Zheshang Bank IPO leans on cornerstone investors

The Hangzhou-headquartered lender has come up with a deal structure for its $1.75 billion IPO pretty much identical to other recently listed banks in Hong Kong.

China Zheshang Bank may have launched Hong Kong’s biggest bank initial public offering in more than two years but it is unlikely to provide as much of a litmus test for underlying investor sentiment as initially hoped, given its heavy reliance on cornerstone investors.

¬ Haymarket Media Limited. All rights reserved.

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