The wait is over: Bank of Shanghai eyes jumbo IPO

More than four years after making its initial listing application, the city commercial bank is finally ready to float its shares on the stock exchange.

The wait is over: Bank of Shanghai eyes jumbo IPO

Bank of Shanghai unveiled details of its long-awaited initial public offering on Tuesday, targeting as much as Rmb10.7 billion $1.59 billion from its local stock market in what could be China’s biggest IPO this year.

The floatation of China’s second biggest city commercial bank by assets has been in the making for more than four years, ever since the lender announced its intention to go public in April 2012. But the plan has stalled several...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES