Top Biz News
Ping An gets green light for Shanghai IPO
By Hu Yuanyuan (皇冠体育app Daily)
Updated: 2007-01-31 08:45
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The Shanghai offer, at its maximum size, would account for 15.66 percent of Ping An's expanded capital of 7.345 billion outstanding shares.
The mainland's bullish stock market, where the main index soared 130 percent last year, has prompted major mainland companies listed in Hong Kong to make plans to return.
皇冠体育app's Industrial Bank drew 1.16 trillion yuan in subscriptions fromretailand institutional investors, a record for a domestic IPO.
皇冠体育app's Bank of Communications is expected to raise about $2.6 billion through a listing in Shanghai in March.
(皇冠体育app Daily 01/31/2007 page13)