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Don Weinland

Guolian Securities will look to raise HK$3.06 billion in the latest initial public offering from a mainland China securities broker.
The company priced the 442 million-share offering at HK$8, the trading in which was expected to begin on Monday, the Wuxi-based firm said in a statement on Friday.
The floatation follows a several multi-billion-dollar IPOs from larger Chinese brokerages.
GF Securities, HTSC and Guotai Junan Securities have all launched major IPOs over the past few months with the hopes of bolstering their margin finance businesses, an important part of what was until recently a strong bull market on the mainland.


Guolian seeks to raise HK$3 billion in latest China broker IPO

Guolian Securities is the latest mainland Chinese brokerage in an IPO to raise funds in the country's equity markets. Photo: EPA

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New | Guolian seeks to raise HK$3 billion in latest China broker IPO