Hong Kong: Guotai Junan Securities seeks $2.1b IPO

Hong Kong: Guotai Junan Securities seeks $2.1b IPO

Image of Kowloon in Hong Kong. Credit:Flickr/Barbara Willi

Guotai Junan Securities Co. Ltd, a securities corporation listed on the Shanghai bourse, is raising an HK$16.5 billion ($2.12 billion) in an initial public offer (IPO) that is the largest listing for this year on the Hong Kong bourse. This is also the the second-largest listing globally this year, after the recent Snap’s recent IPO which saw the US-based company raise $3.9b. 

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