Date
23 November 2017

Everbright Bank set for US$2 bln Hong Kong IPO, WSJ says

China Everbright Bank Co. is planning to start selling shares on Dec. 10 in an initial public offering worth up to US$2 billion, its third attempt to go public, the Wall Street Journal reported Monday. Everbright Bank, whose last IPO attempt was in May 2012, would be the third Chinese bank to list in Hong Kong in the past month. Also, it would be Hong Kong’s second biggest this year behind China Cinda Asset Management Co. which is in the market for an up to US$2.46 billion deal, the report said. Everbright Bank is already listed in Shanghai.

– Contact HKEJ at [email protected]

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