Citic Securities sets price guidance for Hong Kong listing

The publicly traded brokerage will price the shares at between a discount of 13% to its Shanghai-listed shares and a premium of 3%.

A report on Reuters said, “Citic Securities Co Ltd , China's largest publicly traded brokerage, has set a price guidance for its up to $2 billion Hong Kong listing and signed up at least five cornerstone investors for the deal, IFR reported on Wednesday.”

IFR, a Thomson Reuters publication, added that the cornerstone investors for the listing include Singapore’s Temasek Holdings.

View the report here.