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BIZCHINA / Biz Media Digest |
Securities: China Merchants Securities applies for mainland IPO(Agencies)
Updated: 2008-01-07 14:42 China Merchants Securities has filed an application to raise as much as $2 billion in a domestic initial public offering (IPO), the South China Morning Post reported. Citing market sources, the Hong Kong newspaper said China Merchants filed the application to regulators late last month after it hired the mainland joint venture brokerages of Goldman Sachs and UBS to arrange the offering. The IPO could be launched in late March or early April, the newspaper said.
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