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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)
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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.
ICBC exercised its so-called greenshoe option,
raising the number of yuan-denominated A-shares issued on the Shanghai Stock
Exchange to 14.95 billion, up from the original allotment of 13 billion.
The bank, with its largest-ever IPO in the world,
marks the first dual listing by a Chinese company simultaneously in Hong Kong
and Shanghai.
ICBC debuts in Hong Kong
bourse
HONG KONG, Oct. 27 (Xinhua) -- The H shares of the
Industrial and Commercial Bank of China (ICBC), the largest commercial bank in
China, started trading in the Hong Kong stock exchange on Friday.
ICBC's shares opened at 3.60 HK dollars, 17 percent higher
than its initial public offering (IPO) price of 3.07 HK dollars, well meeting
market expectations of a rise between 10 and 20 percent. 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
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
ICBC share offer draws big
response
BEIJING, Oct.17 -- The world-record US$19.1 billion public
offer by Industrial and Commercial Bank of China (ICBC) was met with great
enthusiasm by domestic and overseas investors yesterday.
The bank, the largest by assets in China, began accepting
subscriptions from institutional investors for shares to be listed in Shanghai
and simultaneously launched an H-share public offering in Hong Kong. Full Story
ICBC starts consultations on pricing
of massive IPO
BEIJING, Sept. 28 -- The Industrial and Commercial Bank of
China (ICBC), the country's biggest lender, started consultations yesterday on
the pricing of its initial public offering (IPO).
The final pricing of the shares is likely to take place on
Oct. 23, with trading starting in Shanghai and Hong Kong on Oct. 27, the bank
said yesterday in an announcement to the Shanghai Stock Exchange. Full Story
ICBC's A-share IPO application
approved
BEIJING, Sept. 26 (Xinhua) -- China Securities Regulatory
Commission (CSRC) on Tuesday approved the Industrial and Commercial Bank of
China's (ICBC) proposed initial public offering (IPO) of its A shares.
The ICBC is expected to issue a maximum of 13 billion
shares, the largest issue by a Chinese company already listed in the
Renminbi-denominated A-share market. Full Story
