IFLR1000

Guotai Junan Securities Rmb29.7 billion Shanghai IPO

19/6/2015
IPO
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Rmb 29.7 billion

$ 4.8 billion

Announced

19/6/2015

Overview:

  • Guotai Junan Securities has undertaken a Rmb29.7 billion IPO on the Shanghai Stock Exchange.
  • The company will issue 1.52 billion shares with the proceeds used to replenish its capital base and for use as working capital.
  • At time of listing, the deal represented the largest Chinese IPO for five years since the listing of Agricultural Bank of China in 2010.

John Crabb - Journalist

 

Jurisdiction:

China

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

China

Industry sector:

Financial services

Firm:
Haiwen & Partners

Party: Guotai Junan Securities (Issuer)

Lawyer: Jingfang Yang

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