Sources deny HSBC IPO plans

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

While HSBC did consider a float of its U.K. operations in wake of the financial crisis, people familiar with the matter deny the bank is currently in the process of prepping an IPO, reports the WSJ.

Among the issues: HSBC already has plenty of liquidity looking to find a good investment home, so what would be the plan to profitably invest the proceeds of a sale?

Earlier coverage