China Renaissance targets $800m in Hong Kong offering
China Renaissance Holdings has filed for an IPO in Hong Kong that will support the expansion of its investment banking, investment management, and wealth management businesses. AVCJ understands the firm is planning to raise $800 million at a valuation of $4-5 billion.
The size and pricing of the filing were not disclosed in the firm’s prospectus. China Renaissance has marked 40% of the proceeds to expand the investment banking business by strengthening its advisory...
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