AgBank IPO is World’s Largest, Raising $22.1 Billion
Thursday, July 29th, 2010
The Agricultural Bank of China has free the over-allotment of H-shares related with its $19.3 1000000000 IPO, the consort said on Thursday, a advise that shows brawny obligation for the stock.
AgBank oversubscribed 25.4 1000000000 shares at HK$3.20 at its Hong Kong commercialism and oversubscribed 22.2 1000000000 shares at 2.68 yuan in Shanghai. Its Hong Kong shares are trading at HK$3.58, patch its Shanghai shares are trading at 2.84 yuan.
AgBank allocated $1.32 1000000000 of player shares for its Shanghai listing, and $1.58 1000000000 for its Hong Kong deal.
After the greenshoes, AgBank has upraised $22.1 billion, the maximal commercialism ever.
Over-allotments, famous as greenshoes, are free when obligation for the shares in the after mart is heavy. Underwriters promulgation the shares, ordered divagation at the ..read more