Business / Markets

Galaxy Securities to double IPO size as stocks gain

(China Daily) Updated: 2013-01-08 14:37

China Galaxy Securities Co may seek as much as $1.9 billion in an initial public offering in Hong Kong and Shanghai, almost doubling an earlier target, after Chinese stocks rallied from a four-year low, two insiders have said.

The Beijing-based brokerage has submitted applications to regulators in Hong Kong and China and may start the IPO in the second quarter, said the two sources, who asked not to be identified because the plan is private.

China Daily - Agencies

More reports on China Galaxy Securities Co

Galaxy close to completion of restructuring

Galaxy Securities offers 10m shares to Huashi AMC

Galaxy Securities eyes IPO application

Galaxy Securities reports first-half profit of 1.2b yuan

Hot Topics

Editor's Picks