Bank of Jiangsu set for landmark IPO

The Chinese provincial commercial lender looks set to become the country's first small- to mid-sized bank in eight years to go public in Shanghai.

Bank of Jiangsu set for landmark IPO

Bank of Jiangsu, a Chinese provincial commercial lender, looks set to become the country's first small-to-medium-sized Chinese bank in eight years to go public in Shanghai.

The Nanjing-based bank plans to issue up to 2.6 billion shares, or up to 20% of its enlarged stock capital, according to an updated preliminary prospectus filed with the Chinese regulator on Friday.

Two equity analysts and one portfolio manager told FinanceAsia the bank could...

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