Everbright Securities raises $1.1b in HK

Everbright Securities Co raised $1.1 billion after pricing its Hong Kong first-time share sale above the midpoint of a marketed range.

The brokerage sold 680 million shares at HK$12.68 each ($1.63), after earlier offering them at HK$11.80 to HK$13.26 apiece, according to terms for the deal obtained by Bloomberg.

The final price represents a 38 percent discount to Everbright Securities' last closing price in the Shanghai bourse.