ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Nikkei Markets

Bank Of Gansu Shares Open Trading In Hong Kong At HK$2.83 Vs IPO At HK$2.69

By Carrie Chen
Nikkei Markets
HONG KONG (Jan 18) -- Shares of Bank of Gansu began trading in Hong Kong at HK$2.83 compared with their initial public offering price of HK$2.69, after the Chinese city commercial bank raised about HK$5.95 billion ($761 million) in gross proceeds from the issue.

The stock climbed as high as HK$2.86 in the opening minutes, and was at HK$2.81 as of 9:34 a.m. More than 67 million shares had changed hands. The lender, based in China's northwestern province of Gansu, earlier saw its 2.21-billion-share IPO priced at the mid-point of an indicative range of HK$2.61 to HK$2.77 apiece.
- By Carrie Chen; Carrie.Chen@NikkeiNewsrise.com; +852 39605153
- Edited By V.Phani Kumar
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2018 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media