china-railway-construction-ipo-on-track

China Railway Construction IPO on track

The construction and infrastructure company aims to raise as much as $5.3 billion from its dual A-share and H-share listing.
February 25, 2008
China Railway Construction Corporation CRCC attracted a lot of interest when it kicked off the institutional roadshow for the H-share portion of its initial public offering in Hong Kong yesterday with about 350 investors showing up at a lunch to hear the management talk about strategy.

The company, which is primarily active within infrastructure construction, and last year featured on FortuneÆs list of the worldÆs top 500 companies, aims to raise between HK$16.9 billion and HK$18.3 billion $2.2 billion to $2.3 billion from the H-share portion alone and up to Rmb22.3 billion $3.1 billion from its near-simultaneous A-share offering.

The combined size of up to $5.3 billion will make this the largest IPO...
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