Bank of Jiangsu readies landmark A-share IPO

The provincial Chinese bank would be the first city commercial lender to go public in Shanghai since 2007.

Bank of Jiangsu readies landmark A-share IPO
Nanjing Confucius Temple scenic region and Qinhuai River, Jiangsu province

Bank of Jiangsu is set next week launch its long-awaited A-share initial public offering, which is likely to be mainland China's largest flotation so far this year and the first in Shanghai by a city commercial lender since 2007.

After cutting the size of its planned offering in keeping with regulator efforts to maintain market stability, the Nanjing-based bank now intends to raise about Rmb7.24 billion $1.08 billion by issuing about 1.15...

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