HONG KONG Dec 9 Shares of CSC Financial Co Ltd
were set to open flat in their Hong Kong trading debut
on Friday, after the busiest IPO underwriter in China for the
past three years raised $993 million in an initial public
CSC Financial, partly owned by China's top brokerage CITIC
Securities Co Ltd , was indicated to open
at HK$6.81, in line with its IPO price, while the benchmark Hang
Seng index was poised to drop 0.4 percent.
The IPO consisted of 1.13 billion shares, including 1.08
billion new shares and 53.8 million shares sold on behalf of
China's National Council for Social Security Fund (NSSF),
according to the offering prospectus. The shares were marketed
in a HK$6.36 to HK$7.26 indicative range each.
(Reporting by Elzio Barreto; Editing by Richard Pullin)