China Renaissance To Reportedly Raise $400M In HK IPO

Chinese investment bank China Renaissance has passed a hearing by the listing authorities in Hong Kong and is moving toward a share debut later this month with an initial public offering size of US$400 million. The latest information came from multiple media reports citing insiders. The company had filed for an IPO in June this year. Several media reports had speculated that the company may raiseĀ US$600 million to US$800 million through the offering earlier this year. Like many others, China …

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