China Galaxy adds 13 banks to group managing US$1.5b Hong Kong IPO

China Galaxy Securities has added 13 banks to the group helping arrange a planned initial public offering of up to US$1.5 billion in Hong Kong, IFR reported on Tuesday, citing sources with direct knowledge of the plans.

The new mandates come in addition to those by China Galaxy International, Goldman Sachs and JPMorgan, which had previously been hired to manage the transaction, putting the total number of banks in the deal at 16, reported IFR, a Thomson Reuters publication. The deal is expected to be completed in May.

via Business feed http://www.scmp.com/business/banking-finance/article/1189182/china-galaxy-adds-13-banks-group-managing-us15b-hong-kong