Wednesday, June 13, 2007

DEALTALK-China's CITIC Securities has lofty IPO hopes

(Reuters) - HONG KONG/SHANGHAI, June 14 - Should China's
CITIC Securities command a valuation four times that of Goldman
Sachs?




The Beijing-based brokerage, China's largest, is looking to
raise more than $3 billion in a Hong Kong listing, according to
recent mainland media reports, emboldened by a
more-than-doubling of its Shanghai-listed shares so far this
year.


Read more at Reuters.com Mergers News

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