Communist Government Accesses Global Capital Markets
May 21st, 2006The juggernaut IPO of the Bank of China (BOC) is trundling forward. Like the massive IPO of China Construction Bank (CCB) last year, the BOC IPO will break records. It’s not just the largest ever IPO out of China but likely one of the world’s largest IPOs, period, certainly over the last several years.
This will mean two of the PRC’s big four commercial banks are now listed companies—and, significantly, listed in jurisdictions outside of the PRC mainland. Industrial & Commercial Bank of China (ICBC) and Agriculture Bank of China (ABC) are the two remaining in line.
The Washington Post publishes AP’s coverage of the BOC IPO here.
Fortune covers the scramble of foreign banks to underwrite these Chinese bank IPOs here.