Morgan Stanley to advise on China IPO
(Hong Kong) - Global investment bank Morgan Stanley has been mandated by China International Capital (CICC) to advise on the company's international share sale, which could be worth up to US$1 billion.
Six banks pitched for the deal, which is a major liberalisation of China's fast growing insurance industry.
CICC and other major players in the market are planning to tap overseas market to sell shares this year as they seek foreign capital and technical expertise to help grow their businesses.
CICC and other major players in the market are planning to tap overseas market to sell shares this year as they seek foreign capital and technical expertise to help grow their businesses.
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