China Galaxy Securities' IPO raises $1.1B

05/15/2013 | Reuters · Standard (Hong Kong), The

The initial public offering of the state-owned China Galaxy Securities raised $1.1 billion after pricing at the low end of its indicative range. The deal is Hong Kong's biggest IPO in six months. The securities dealer said it will use most of the money expand its securities lending, trading and margin financing businesses.

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Reuters · Standard (Hong Kong), The

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