© Reuters. IPO for Zhong Yang Financial Group (TOP) Opens 400% Higher
Today’s IPO for Zhong Yang Financial Group Limited (TOP) opened for trading at $25 after pricing 5,000,000 ordinary shares at a public offering price of $5.00 per share.
Univest Securities, LLC is acting as lead book-running manager for the offering; Valuable Capital Limited is acting as joint book runner.
Zhong Yang Financial Group Limited is a fast-growing online brokerage firm located in Hong Kong specializing in the trading of local and foreign equities, futures, options products and other financial services.
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