19 June 2017
HK IPO of BOCOM International Successfully Completed, CICC Acts as Joint Sponsor, Joint Global Coordinator

BOCOM International Holdings Co., Ltd. (“BOCOM International”) was successfully listed on the Main Board of the Hong Kong Stock Exchange on 19 May 2017 (Stock Code:3329.HK). The offering price was HKD2.68 per share, 734.392 mm primary shares were issued post-greenshoe, or 26.86% of the enlarged share capital, raising ~USD253 mm. CICC acted as Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager in the Issuance, as well as Domestic Financial Advisor for BOCOM’s spin-off.

BOCOM International is a well-established and the only integrated platform for securities and related financial services of BOCOM in Hong Kong. Founded in 1998, it was one of the earliest licensed securities firms with a PRC background in Hong Kong and has developed into one of the largest securities company engaged in securities brokerage, corporate finance and underwriting, asset management and advisory businesses in Hong Kong.

BOCOM International is the first bank-controlled securities company listed in Hong Kong. This listing is of great importance to BOCOM as it is the significant stage result of all-round reform of BOCOM and also sets a demonstration effect for other BOCOM subsidiaries’ further reform.