Deals
Everbright Securities Said to Gauge Share Sale Demand Next Week
- Chinese brokerage to test interest in $1 billion offering
- Everbright Securities secures Hong Kong listing approval
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Everbright Securities Co. plans to start testing investor interest next week for a Hong Kong share sale of at least $1 billion, people with knowledge of the matter said.
Everbright Securities won listing approval on Thursday from the Hong Kong stock exchange, one of the people said, asking not to be identified as the information is private. The brokerage aims to start gauging demand for the offering as soon as Aug. 1 and plans to start trading in Hong Kong in the second half of August, according to the people.