Citic Securities eyes $1.7b in Hong Kong share offering

It would be the biggest since that of Prada. This is despite the deal being reportedly priced at the bottom of a revised range.

A Reuters report said, “Citic Securities Co Ltd , China's largest publicly traded brokerage, is set to raise about $1.7 billion in a Hong Kong share offering, pricing the deal at the bottom of a revised range, two sources with direct knowledge of the matter told Reuters on Wednesday.”

Citic Securities' less-than-expected raising, according to the report, would be the biggest stock offering in Hong Kong since the $2.5 billion initial public offering by luxury goods maker Prada in June.

View the report here.