ASIA-PACIFIC

摘要

Shenzhen-listed gf securities will start pre-marketing its Hong Kong IPO of US$2bn-$3bn on Monday, after obtaining listing approval from the Stock Exchange of Hong Kong. Pre-marketing will run for a week and bookbuilding will start on March 23. The shares being sold will price before the Easter holidays, which start on April 3. The Guangzhou-based brokerage plans to sell no more than 20% of its enlarged capital, or about 1.48bn H shares, based on its current total equity of 5.92bn. There is also a greenshoe option of up to 15% of the base deal size.