Citic Securities raises $1.7 billion Retail investors order only 0.4% of the total offering, while the institutional book is three times covered. September 28, 2011
Strong cornerstone support for Citic Securities' H-share IPO Investors are attracted by the firm's big name and reasonable offer price. Sources say the institutional tranche of the $1.9 billion deal was two times covered on day one. September 18, 2011