Chinalco begins pre-marketing

Morgan Stanley and CICC finally set to launch one of the biggest IPO''s from China this year.

Pre-marketing for a deal that will represent 30% of the company's equity capital will begin on Monday. Subject to positive feedback, formal roadshows have been timetabled to begin in Asia on November 19, Europe November 22 and the US November 29, for pricing on December 6.

Initially the $300 million to $500 million New York and Hong Kong listed deal was expected to have an extremely small syndicate and prior to a government-imposed ban also include Credit Suisse First Boston. It has now been separated into three tranches.

In the US, there will be one co-manager Merrill Lynch and four underwriters including Salomon Smith Barney and AG Edwards. In Europe, co-leads will comprise...

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