China Merchants Securities $1.5 billion HKSE IPO

Overview:

• China Merchants Securities has raised $1.5 billion in a Hong Kong Stock Exchange IPO and listing.
• The deal is yet another IPO as part of a trend of PRC securities firms listing in Hong Kong, which has previously included China Everbright Securities, HTSC, GF Securities, Central China Securities, China Galaxy and Haitong.
• The lead underwriters in the transaction include China Merchants Securities, JPMorgan and Morgan Stanley Asia.
• China Merchants Securities is a Chinese investment bank, offering financial products and services such as wealth and investment management and brokerage to individuals, institutions and corporates. 

Adam Majeed - Regional editor