Everbright Again Tries a Hong Kong IPO

BY ALISON TUDOR AND PRUDENCE HO

HONG KONG—China Everbright Bank Co., the lender that called off a US$6 billion listing in Hong Kong last year, is trying again, but this time with sharply reduced expectations of how much it can raise from investors.

After calling off its initial public offering last year because of choppy markets, Everbright has applied to the Hong Kong stock exchange to raise a far smaller US$1.5 billion to US$2 billion, people familiar with the situation said Thursday.

“Everbright is ready to move forward,” said one of the people.

Shanghai-listed Everbright needs the capital to comply with stiffer regulation and to expand …

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