Securities firm Shenwan Hongyuan raises $1.16b in HK IPO

FILE PHOTO: The Hong Kong Exchanges flag, Chinese national flag and Hong Kong flag are hoisted outside the Hong Kong Stocks Exchange in Hong Kong June 7, 2016. REUTERS/Bobby Yip/File Photo

Chinese securities firm Shenwan Hongyuan Group Co Ltd has priced its Hong Kong share offering at the bottom end of a marketed range, raising $1.16 billion, two people with direct knowledge of the matter said.

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