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CITIC Bank shares soar after IPO

(Reuters)
Updated: 2007-04-27 14:44

Chen Xiao Xian (2nd R), president of China CITIC bank, hits the gong in Shanghai Stock Exchange room during the IPO of China CITIC bank in Shanghai April 27, 2007. Shares in China CITIC Bank Corp. rose 17 percent in their Hong Kong trading debut and surged more than two-fold in Shanghai on Friday after its US$5.4 billion IPO, the world's largest this year, drew heavy investor demand. [Reuters]