Deals
Yibin City Commercial Bank Considers $300 Million Hong Kong IPO
- The bank has picked CCBI and ICBCI to work on its listing
- A first-time share sale may happen as soon as this year
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Yibin City Commercial Bank Co. is considering a Hong Kong initial public offering that could raise about $200 million to $300 million, according to people familiar with the matter.
The Chinese lender is working with CCB International Holdings Ltd. and ICBC International Holdings Ltd. to prepare for the first-time share sale, which could take place as soon as this year, said the people, who asked not to be identified as the information is private.