Magic Circle duo Clifford Chance and Linklaters are advising on a major IPO, as Chinese financial investment management company Huatai Securities (HTSC) lists on the London Stock Exchange.

HTSC covers a range of businesses,including brokerage, wealth management and investment banking.

Following the listing on the Shanghai section of the LSE, it announced HTSC had raised $1.54 billion through the sale of global depository receipts via the float, in a first-of-its-kind deal.