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Haitong Securities Hires Banks For $2B IPO

Haitong Securities has appointed five banks to handle its $2 billion Hong Kong initial public offering.

    Haitong Securitieshas appointed five banks to handle its $2 billion Hong Kong initial public offering (IPO),Reutersreports.Credit Suisse,Deutsche Bankand摩根大通(JP Morgan Chase)will be the joint global coordinators for the IPO.

    CitigroupandUBSwill serve as joint bookrunning managers for the transaction. The offering will be launched in the fourth quarter of 2011. The size of the offering will be no more than 13% of its enlarged capital and may be upsized to 15% through an over-allotment option.

    Click here for the story fromReuters.

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