Industrial and Commercial Bank of China (ICBC) may price its initial public offering (IPO) in Hong Kong at about 1.7 times its net asset value per share, the official Shanghai Securities News said Tuesday.(File Photo) Photo Gallery >>>

    BEIJING, Oct. 27 (Xinhua) -- Shares in the Industrial and Commercial Bank of China (ICBC), the country's biggest lender, opened 9 percent higher than its IPO price in its Shanghai trading debut, dealers said on Friday.

    It started trading at a price of 3.40 yuan RMB a share. Full Story

Market awaits ICBC debut

    BEIJING, Oct. 23 -- Shanghai equities may fluctuate with the key benchmark index moving around the 1,800-point level before the Friday trading debut of ICBC, which could push domestic stocks to multiyear highs.

    The Shanghai Composite Index, which tracks yuan-denominated A shares and hard-currency B shares, closed last week up 0.32 percent at 1,790.36. It has climbed 54.2 percent this year. Full Story

ICBC prices shares at upper limit, raising 19.1 bln USD 

    BEIJING, Oct. 21 (Xinhua) -- China's largest lender priced its shares at the upper limit of the range on Friday, raising 19.1 billion U.S. dollars in the world's largest initial public offering (IPO).

    The Industrial and Commercial Bank of China (ICBC) priced its H shares on the Hong Kong Stock Exchange at 3.07 HK dollars per share, the top of a 2.56-3.07 range, and its A shares on the Shanghai Stock Exchange at 3.12 yuan per share, the top of a 2.6-3.12 range. Full Story

ICBC draws 420 bln HK dollars in share offer

    HONG KONG, Oct. 20 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), the largest Chinese commercial bank, received 77 times of orders and froze 420 billion HK dollars (53.9 billion U.S. dollars) in its issue of initial public offering (IPO) ended Thursday in Hong Kong, sources said Friday.

    The ever largest IPO of Chinese banks started simultaneously on Monday in Hong Kong and Shanghai, the first time for a Chinese company issuing A and H shares at the same time. Full Story

More Related Stories >>>

[1] [2] [3] [4] [5] [6]