Money

ABC's shrinking discount makes IPO harder sell

(Agencies)
Updated: 2010-07-05 11:01
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Japanese investor

Agricultural Bank has attracted about $1 billion from Japanese investors for its Hong Kong initial public offering, the Oriental Daily News reported, citing people it didn't identify.

Nomura Holdings Inc and Daiwa Securities Group Inc are the distributors in Japan for Agricultural Bank's international placing shares, the Hong Kong-based Chinese newspaper said.

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