Citic Bank completes the world's largest IPO this year

The price is set at the top of the range as the level of institutional demand surpasses all other Mainland bank IPOs.

China Citic Bank has priced its initial public offering at the top end of the range after heavy interest from both institutional and retail investors, allowing it to raise at least $5.4 billion from its dual listing in Hong Kong and Shanghai.

The final size could increase further to $5.92 billion if the 15% greenshoe on the H-share portion of the deal is exercised, but already the deal is by far the largest IPO in the world this year, exceeding...

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