Huatai U.K.-China Link Debut May Spur More Cross-Border IPOs
- Shares priced at $20.50 on Friday, near the bottom of range
- U.K.’s Stock Connect starts as China-U.S. trade tensions rise
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The trading debut of the first listing under the Shanghai-London Stock Connect program may spur more cross-border listings in the U.K. at the same time as China faces an escalating trade war with the U.S.
Huatai Securities Co.’s successful London listing and the establishment of Chinese capital flow quotas for the program may prompt more Chinese A-share listed companies looking to tap into international capital to consider the GDR venue and accelerate plans to list in London, Shane Zhang, co-head of Asia Pacific investment banking at Morgan Stanley, said in an interview. Morgan Stanley is one of the joint global co-ordinators of the offering.