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Haitong UniTrust International prices IPO

Haitong UniTrust International Leasing Co. Ltd. finalized the offer price for its Hong Kong IPO at HK$1.88 per share.

The China-based company had earlier set a price range of between HK$1.88 and HK$2.08 apiece.

The offer comprises 1,235,300,000 shares, which represent about 15% of the company's post-IPO shares. The company may issue 185,294,000 additional shares to cover overallocations, if any.

Haitong UniTrust International Leasing expects a market capitalization of about HK$15.48 billion following the offer.

The shares will be listed on the Hong Kong stock exchange's main board June 3.

Haitong UniTrust International Leasing is a unit of Haitong Securities Co. Ltd.