icbc-starts-premarketing-of-mega-ipo

ICBC starts pre-marketing of mega IPO

The company secures $3.5 billion from 15 corporate investors to set the deal off to a good start.
You could argue that investors will have to buy shares in Industrial and Commercial Bank of China ICBC simply because of its sheer size and its position as a market leader in most of its key product areas.

There is also a feeling among investors that so much ôfaceö is riding on ICBC's role as the first company to be allowed to carry out a simultaneous dual listing in Hong Kong and China that it wonÆt be allowed to fail û making it an investment with virtually no potential downside near-term.

However, pre-deal research published by syndicate analysts at the start of pre-marketing yesterday stresses that while being big in a big and fast...
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