Sequoia among backers of Huatai’s $5.2bn IPO
Monday, May 18, 2015
(Financial Times by Jennifer Hughes) – Huatai Securities has attracted investments from a group of backers that includes Sequoia Capital, Tencent’s founder and Yale-backed Hillhouse Capital , as the Chinese broker seeks to raise up to $5.2bn in Hong Kong’s biggest float in more than four years.
A group of 13 so-called cornerstones has committed to buying $1.9bn of the share sale, according to people close to the deal, as brokers look to capitalise on their role in China’s stock market rally and the rising volumes that have accompanied it.
