Yibin City Commercial Bank seeks up to $240 mln in Hong Kong IPO

Reuters
2024-12-30
UPDATE 1-Yibin City Commercial Bank seeks up to $240 mln in Hong Kong IPO

Adds details from paragraphs 2

Dec 30 (Reuters) - Chinese lender Yibin City Commercial Bank is aiming to raise up to HK$1.87 billion ($240.92 million) in a Hong Kong initial public offering, according to its regulatory filing on Monday.

The company will offer 688.4 mln H shares as part of its global offering, at an offer price of HK$2.72 per share, according to the filing.

Yibin City Commercial Bank provides a range of banking services, including deposits, loans, domestic settlement, bill discounting, government bond underwriting, insurance, wealth management and other financial services.

Citic Securities 600030.SS, Industrial and Commercial Bank of China 1398.HK and others served as joint bookrunners for the global offering.

($1 = 7.7618 Hong Kong dollars)

(Reporting by Roshan Thomas in Bengaluru; Editing by Lisa Shumaker and Sam Holmes)

((Roshan.Thomas@thomsonreuters.com;))

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