A raft of firms including DLA Piper and Freshfields Bruckhaus Deringer are in line to bag roles on the Bank of Beijing’s initial public offering (IPO) – the latest of the Chinese state-owned banks to go public.

DLA Piper and Freshfields are understood to be advising on Hong Kong issues for the issuer and underwriters respectively. The listing is expected to be worth around $1bn (£504m).