China's Dongxing Securities plans to raise $735 mln in Shanghai IPO

Chinese brokerage Dongxing Securities Co Ltd said on Monday it plans to raise 4.59 billion yuan ($735 million) in an initial public offering in Shanghai, the latest mid-sized broker to plan a listing as profits soar amid a sizzling stock market. In a filing with the Shanghai stock exchange, Dongxing Securities said it has set its IPO price at 9.18 yuan per share and aims to issue up to 500 million shares. The Dongxing Securities plan comes after Guosen Securities Co Ltd last December raised 7 bi