Hong Kong : HSBC Holdings Gearing up for Shanghai IPO.Byline: babalu03 HSBC Holdings plc (Hong Kong) (SEHK SEHK See: Stock Exchange of Hong Kong : 0005) is gearing up for the planned initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) in Shanghai, confirmed HSBC Bank (China) Company Limited on August 7. HSBC Holdings is seeking for financial advisors for its USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.9-7.3 billion mainland IPO, according to HSBC Bank (China). There are widespread reports that the Hong Kong-listed company has selected China International Capital Corporation Limited (CICC) and CITIC CITIC China International Trust and Investment Corporation Securities Company Limited (SHSE: 600030) to act as advisors in the deal. However, the timing of the HSBC Holdings IPO will be subject to the approval from the local securities regulators. The country is expected to work out the detailed regulations on the international enterprise board listings on the Shanghai Stock Exchange Shanghai Stock Exchange One of two major securities markets in China. (SHSE) in the fourth quarter of 2009 at the earliest, predicted market analysts, noting that HSBC Holdings is not likely to get go-ahead for its mainland listing until 2010. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion