China’s outbound investment already hit records the first half of the year, and a few mega-IPOs now in the works in greater China suggest the second half could get even more interesting.
Citic Securities, China’s largest publicly traded brokerage, has grabbed most of the headlines but it’s joined by another brokerage, a dam builder and a heavy machinery maker in its efforts to raise money to fund overseas expansion.
China’s Citic Securities—a financial services group which includes a brokerage, investment bank, and asset management wing— is looking to raise up to $1.94bn in a listing early next month.
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