Reuters - Financials

China’s CICC seeks up to $810 mln in Hong Kong IPO – IFR

Oct 23 China International Capital Corp (CICC), one of China’s biggest investment banks, plans to raise up to HK$ 6.28 billion ($ 810 million) from a Hong Kong initial public offering, IFR reported on Friday, citing sources with direct knowledge of the deal.

CICC will sell the shares in an indicative range of HK$ 9.12-$ 10.28 per share, Thomson Reuters publication IFR reported, citing one of the sources.

CICC has already secured $ 400 million-500 million in initial cornerstone investments for the deal, IFR said, citing another source.

A spokeswoman for CICC declined to comment.

($ 1 = 7.7499 Hong Kong dollars) (Reporting by Ken Wang and Fiona Lau of IFR; Additional reporting by Shu Zhang; Writing by Lawrence White; Editing by Kenneth Maxwell)

Reuters: Financials

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