Deals
Everbright Securities Raises $1.1 Billion in Hong Kong Offering
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Everbright Securities Co. raised $1.1 billion after pricing its Hong Kong first-time share sale above the midpoint of a marketed range.
The Chinese brokerage sold 680 million shares at HK$12.68 each, after earlier offering them at HK$11.80 to HK$13.26 apiece, according to terms for the deal obtained by Bloomberg on Friday. The final price represents a 38 percent discount to Everbright Securities’ last closing price in Shanghai.