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!!!
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