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2 years ago
China investment bank CICC prices HK IPO at top of range - IFR
October 31, 2015 / 5:03 AM / 2 years ago

China investment bank CICC prices HK IPO at top of range - IFR

HONG KONG, Oct 31 (Reuters) - China International Capital Corp (CICC) has priced its Hong Kong initial public offering (IPO) at the top end of a HK$9.12 to HK$10.28 ($1.2-$1.3) indicative price range, IFR reported, citing people close to the deal.

IFR, a Thomson Reuters publication, had reported that CICC, one of China's biggest investment banks, plans to raise up to HK$6.28 billion ($810 million) from a Hong Kong initial public offering.

CICC executives were not immediately available to comment.

$1 = 7.7505 Hong Kong dollars Reporting by Fiona Lau of IFR; Editing by Miral Fahmy

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