Clifford Chance Advises on GF Securities' IPO, Largest Hong Kong Offering This Year

Tuesday, April 14, 2015 - 15:54

International law firm Clifford Chance has advised a group of 26 underwriters, led by GF Securities (Hong Kong), Goldman Sachs, Morgan Stanley, BOCOM International Securities, Deutsche Bank and Merrill Lynch on GF Securities' HK$28 billion (US$3.5 billion) listing on the Hong Kong Stock Exchange. The deal was priced at the top end of the price range at HK$18.85 per share making it the largest listing in Hong Kong so far this year. 

The deal drew record demand from institutional and retail investors, and was one of the most heavily oversubscribed IPOs in Hong Kong in recent years.

Partners Cherry Chan and Fang Liu co-led on the deal. They were assisted by consultant Anthony Wan, senior associate Corey Zhang and associates Wu Hao, Liu Gehuan and Vincent Lee.   

GF Securities provides comprehensive capital market services and is one of the top five securities firms in China.