China Everbright Securities $1 billion HKSE IPO


HK$ 8.294 billion




  • China Everbright Securities has launched its $1.03 billion IPO on the Hong Kong Stock Exchange (HKSE).
  • The Shanghai Brokerage House is one of the largest securities brokerage by assets in China. It is owned by the state-owned and Shanghai-listed financial conglomerate, China Everbright Group.
  • The offer price is set at HK$12.68 per H-Share.
  • The global offering comprises a total of 680 million H-shares, subject to the over-allotment option.
  • The largest stakes in Everbright Securities will go to Hengjian International Investment, China Shipbuilding Capital and CSEC Capital.
  • This is the second largest IPO in 2016 following Orient Securities' HK$6.8 billion IPO in July 2016.
  • Clifford Chance (Tim Wang, Virginia Lee, Jean Thio, Philip Chan, Lorna Lu, Stanley Tan, Mia Zhang, Kevin Ng) advised the underwriters.
  • Latham & Watkins (Cathy Yeung, Eugene Lee, William Woo, Wei Wei, Alice Tsui, Bryan Flannery, Gerorge Zheng, Bonnie Tse, Cloria Chen, and Yu Sun) advised China Everbright Securities. 
  • Everbright Securities, UBS, and the Bank of America Merrill Lynch are the underwriters.

 Wai Yee Tsang - Journalist - Asia-Pacific


Hong Kong SAR

Deal type:


Practice area:

Capital markets : Equity

Governing law:

Hong Kong

Industry sector:

Financial services


Party: China Everbright International Ltd (Underwriter)

Party: UBS (Underwriter)

Party: Bank of America Merrill Lynch (Underwriter)

Party: China Everbright International Ltd (Issuer)