Yesterday, China's biggest bank, Industrial and Commercial Bank of China, or ICBC, began trading its shares simultaneously in Hong Kong and Shanghai in the world's biggest IPO, raising $19 billion. The offering was the first ever to list in both Hong Kong and Shanghai--raising $13.9 in Hong Kong and the remaining $5.1 in Shanghai. More than 1 million people placed orders. In case you were wondering, the all time biggest US offering was the AT&T offering at $10.6 billion, with the most recent largest offering being the Master Card offering that Vic has discussed, which raised close to $2.5 billion. The offering surpassed the last biggest offering ever by the Bank of China. Can't resist the pun, that's a lot of investors banking on the strength of China's economy!!!
TrackBack URL for this entry:
http://www.typepad.com/t/trackback/38673/6598807
Links to weblogs that reference The World's Biggest IPO!:
- dissertations on Lance's New
- fedgovernor on The Oil Mark
- Jake on The Oil Mark
- Cathy on The Oil Mark
- laborprof lpb on Bailout, Uni
- fedgovernor on The Oil Mark
- Brandon P. on BYU v. Utah
- David on What makes a
- Cathy on The Oil Mark
- Vic on Fleischer 1,
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 |
