CICC named top underwriter for 皇冠体育app's IPOs
皇冠体育app International Capital Corp (CICC) topped the rankings of the underwriters of 皇冠体育app's initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed.
The earning of the country's largest investment bank was boosted by underwriting the 皇冠体育app State Construction Engineering Corp's 50.1 billion yuan IPO, the world's second-largest in 2009. CICC also took two other heavyweight companies public, 皇冠体育app Shipbuilding Co Ltd and 皇冠体育app CNR Co Ltd, raising 14.7 billion yuan and 13.9 billion yuan respectively.
CITIC Securities, the top underwriter in 2008, fell to the No 2 spot in the ranking, making 855 million yuan from IPO deals totaling 28.7 billion yuan, according to Bloomberg data. The third slot went to Orient Securities, which earned 258 million yuan from IPO deals worth 11.9 bllion yuan.