China Everbright Bank raises $2.8 billion in the country's second-biggest IPO of 2010

China Everbright Bank's $2.8 billion debut lifts the total value of Chinese IPOs to $63.7 billion this year, or almost half the global value.

China cemented its position as the global IPO champion yesterday when China Everbright Bank raised Rmb18.9 billion $2.8 billion in the country's second-biggest initial public offering of the year. It is the fourth-largest in the world in 2010.

So far this year, Chinese companies have launched 261 IPOs on both domestic and overseas stock exchanges, raising a total of $63.7 billion -- already more than the $50.6 billion raised in 2009, and 46.8% of global IPO volume this...

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