China’s CICC Said to Invite Investment Banks for Hong Kong IPO
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China International Capital Corp., the country’s first investment bank, is asking competitors to pitch for roles on its initial public offering in Hong Kong, said people with knowledge of the matter.
The Beijing-based company plans to start the share sale as early as the fourth quarter, said the people, who asked not to be identified because the information is private. Several investment banks have received CICC’s request for proposals, they said.