Agricultural Bank raises $19.2 billion from IPO

The offering could still become the largest IPO in the world if the overallotment options are exercised in full.

Agricultural Bank of China (ABC) will raise at least $19 2 billion from its initial public offering after fixing the price on the H-share tranche just above the mid-point of the indicated range The A-share tranche was priced at the top of the range, but at a discount of about 4 4% versus the H-share offering

There is still the potential for the combined A- and H-share offering to become the biggest IPO in the world, if the 15% overallotment option (also referred to as a greenshoe) on both tranches is exercised in full That would bring the total deal size to about $22 1 billion, just above Industrial and Commercial Bank of...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222