China Renaissance Seeks Up to $377M In Hong Kong IPO

China Renaissance Holdings Ltd., the Chinese investment bank advising some of the most high-profile technology mergers and acquisitions in the country, seeks to raise up to HK$2.96 billion (US$377 million) through a Hong Kong initial public offering. The Beijing-based investment bank is offering 85 million shares at HK$31.8 (US$27.7) to HK$34.8 (US$30.3) apiece, said people with direct information of the deal. The company initially sought to raise up to US$800 million. China Renaissance has secured US$125 million from three cornerstone investors. …

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