Agricultural Bank of China's (AgBank) initial public offering hit a record $22.1 billion on Friday, after it exercised an over-allotment option in full, two banking sources said. Special coverage
China's Agricultural Bank announced Thursday the over-allotment option for its global offering has been exercised in full by the joint bookrunners on behalf of the international underwriters on the day.
The weaker-than-expected performance reflected investors' wariness about ABC's asset quality and its growth prospects.Full Coverage
Agricultural Bank of China (ABC), the last of the "Big Four" State-owned lenders to go public, will become a constituent of the SSE 180 Index, SSE 50 Index, SSE Mega-Cap Index, CSI 300 Index and CSI 100 Index on July 29, the financial website Caing.com reported Friday.
Agricultural Bank of China Ltd rose 2.2 percent on its debut in Hong Kong, after posting the smallest first-day gain among major rivals in Shanghai yesterday following a $19.2 billion initial stock sale.
Standard Chartered Plc, which invested $500 million in Agricultural Bank of China Ltd's initial public offering, plans to start a cooperation agreement with the Chinese lender by offering advice on capital markets business in Hong Kong.
H-shares of Agricultural Bank of China (ABC) opened 1.56 percent higher than its initial public offering price of HK$3.20 (41 cents) at its debut Friday in Hong Kong.
Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, said Thursday its shares offered under the Hong Kong public offering had been 5.87 times oversubscribed.
Recent government cooling measures in the property sector may tamp down the number of individual mortgages this year, but curbs will actually help Agricultural Bank of China's housing loan quality in the long term, the bank said.
Though they have a range of reasons to subscribe to the Agricultural Bank of China's initial public offering (IPO), institutional investors are showing strong interest.
Shares of Agricultural Bank of China (ABC), the last of the "Big Four" State-owned lenders to go public, rose marginally on its debut in Shanghai on Thursday and still remains on track to be the largest initial public offering in the world.
Agricultural Bank of China Ltd rose 0.8 percent on its debut in Shanghai, the smallest first-day gain among the nine lenders that have sold shares in the city in the past four years.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
