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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。