AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 130.70 Increased By ▲ 1.17 (0.9%)
BOP 6.84 Increased By ▲ 0.16 (2.4%)
CNERGY 4.62 Decreased By ▼ -0.01 (-0.22%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 43.35 Increased By ▲ 1.66 (3.98%)
DGKC 83.64 Decreased By ▼ -0.13 (-0.16%)
FCCL 32.86 Increased By ▲ 0.09 (0.27%)
FFBL 78.35 Increased By ▲ 2.88 (3.82%)
FFL 12.23 Increased By ▲ 0.76 (6.63%)
HUBC 110.60 Increased By ▲ 0.05 (0.05%)
HUMNL 14.49 Decreased By ▼ -0.07 (-0.48%)
KEL 5.59 Increased By ▲ 0.20 (3.71%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.55 Decreased By ▼ -0.24 (-0.6%)
NBP 62.25 Increased By ▲ 1.96 (3.25%)
OGDC 199.00 Decreased By ▼ -0.66 (-0.33%)
PAEL 26.60 Decreased By ▼ -0.05 (-0.19%)
PIBTL 7.80 Increased By ▲ 0.14 (1.83%)
PPL 159.99 Increased By ▲ 2.07 (1.31%)
PRL 26.66 Decreased By ▼ -0.07 (-0.26%)
PTC 18.65 Increased By ▲ 0.19 (1.03%)
SEARL 83.35 Increased By ▲ 0.91 (1.1%)
TELE 8.22 Decreased By ▼ -0.09 (-1.08%)
TOMCL 34.50 Decreased By ▼ -0.01 (-0.03%)
TPLP 9.06 No Change ▼ 0.00 (0%)
TREET 16.99 Decreased By ▼ -0.48 (-2.75%)
TRG 60.38 Decreased By ▼ -0.94 (-1.53%)
UNITY 27.88 Increased By ▲ 0.45 (1.64%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,605 Increased By 198.6 (1.91%)
BR30 31,978 Increased By 264.4 (0.83%)
KSE100 98,864 Increased By 1535.9 (1.58%)
KSE30 30,797 Increased By 604.3 (2%)

HONG KONG: China Bohai Bank has raised $1.78 billion after pricing its shares at HK$4.80 as it carried out the largest initial public offering in Hong Kong so far in 2020, two sources with direct knowledge of the matter said.

The bank had flagged it would sell 2.88 billion shares at HK$4.75 to HK$4.98 each, according to its prospectus.

The sources declined to be identified as the pricing had not been made public.

Bohai Bank declined to comment. Cornerstone investors who bought into the IPO ahead of the institutional bookbuild accounted for about 30% of the total deal. The largest of those investors was Yichang Health Pharmaceutical which bought $200 million worth of stock, followed by four funds which took a $50 million share each.

Comments

Comments are closed.