Warburg becomes an investor in Haitong IPO
Warburg Pincus Private Equity has become a cornerstone investor in the IPO of Chinese brokerage Haitong Securities, buying $210 million worth of shares as part of a potential $1.7 billion raise by the company.
Haitong, considered China's second-largest brokerage by assets, aims to sell 1.2 billion shares priced between HK$9.38-$10.58 apiece from December 15. Tokyo-based Chuo Mitsui Trust and Banking Co., a subsidiary...
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