China Merchants Bank sets out to prove that small is beautiful
The retail-focused bank sets H share price range to allow IPO discount versus peers and aims to raise up to $2.66 billion.
International investors will get their first real chance to buy into what has long been considered as ChinaÆs best run commercial bank when China Merchants Bank starts the roadshow for its H-share IPO today.
The privately-owned bank, which is the sixth largest Mainland lender in terms of assets, has been listed in the A share market since April 2002 but has been available to a limited number of foreign investors only through the QFII scheme.
The bank is looking to...
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