Yibin City Commercial Bank (HKG:2596) launched its initial public offering in Hong Kong, seeking to raise as much as HK$1.87 billion.
The bank is offering 688,400,000 shares at HK$2.59 to HK$2.72 apiece, according to a Monday filing with Hong Kong bourse.
The issuer expects to determine its offer price on Jan. 9 and disclose the allocations on Jan. 10. It will start trading on the Hong Kong bourse on Jan. 13.
Proceeds from the deal will be used to enhance the company's capital adequacy, invest in high-quality liquid assets, and deposit funds in short-term interest-bearing accounts at licensed commercial banks.
CCB International, ICBC, BOCI, CITIC Securities, ZTSC, and several others are the joint bookrunners of the IPO.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。