UPDATE 2-Chinese brokerage Huatai prices London listing at bottom of range [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
UPDATE 2-Chinese brokerage Huatai prices London listing at bottom of range - Reuters 4 Min Read * Listing priced at $20.50 per GDR * Company to raise at least $1.5 billion * Market debut slated for June 17 * Biggest orders placed by hedge funds -source (Adds financial details) By Pamela Barbaglia LONDON, June 14 (Reuters) - China’s Huatai Securities has priced its London stock market listing at the bottom of its indicated price range in a deal that will help it to raise at least $1.5 billion. Huatai, one of China’s largest brokerages, is expected to make its London market debut on June 17, becoming the first company to trade via the long-awaited London-Shanghai stock connect project. Its listing on the London Stock Exchange will coincide with Britain and China holding the next round of their Economic and Financial Dialogue (EFD), with Chinese Vice Premier Hu Chunhua leading a Chinese delegation to London on Monday. Huatai sold 75 million global depositary receipts (GDRs) at $20.50 eac
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