Investment bank Kingsway Capital Group plans to raise about HK$200 million from the issue of about 25 per cent of the company on the main board. The proceeds will be used to fund the company's Internet business development and retail branch extension, said managing director William Lam. He declined to further detail the plan, only saying the company would publish the listing prospectus today. Market sources said the company would offer its shares at about six times its price-earnings ratio. Kingsway engages in investment banking, securities and futures brokerages, margin financing and asset management. Mr Lam said the company held a portfolio worth about HK$100 million composed of minor stakes in listed companies which were taken up through underwriting. The company is held by Canada-listed Kingsway International Holdings. The holding company also invests in a number of portals, including travel Web site, airlodge.com, in Hong Kong.