The Guangzhou company, which was valued at as much as HK$50.5 billion, plans to issue 1.58 billion new shares with an indicative range of HK$4.99 to HK$5.27 per share, according to a prospectus seen by the Post. Photo: Reuters

Analysts expect ‘cautious’ response to Guangzhou Rural Bank’s US$1.1b IPO

China’s 5th biggest rural bank by assets could be largest bank IPO in Hong Kong this year, and biggest in the city since China Postal Savings Bank raised US$7.32b, nine months ago

Topic |   IPO

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The Guangzhou company, which was valued at as much as HK$50.5 billion, plans to issue 1.58 billion new shares with an indicative range of HK$4.99 to HK$5.27 per share, according to a prospectus seen by the Post. Photo: Reuters
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