Deals
Everbright Securities Said to Set $1.2 Billion Share Sale Terms
- Shanghai-based company to take investor orders next week
- Deal is Hong Kong’s second Chinese brokerage listing this year
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Everbright Securities Co. set the terms for a first-time share sale in Hong Kong that could raise as much as $1.2 billion, people familiar with the matter said.
The Chinese brokerage plans to offer 680 million shares at HK$11.80 to HK$13.26 apiece, according to the people, who asked not to be identified because the information is private. The price range represents a 32 percent to 40 percent discount to Everbright Securities’s Wednesday closing price in Shanghai.