It turned into a busy Easter for equity capital markets bankers in Asia as Agricultural Bank of China suddenly set the ball rolling for its upcoming initial public offering, which will include both Chinese-listed A-shares and Hong Kong-listed H-shares. Late on Friday the Chinese lender sent out a 35-page request for proposals RFP, and asked banks that are interested in a role on its IPO to send them back by today. And, according to sources, a schedule has already been drawn up for the pitches, which will also start today.
The deal has been talked about for at least three years and the process was generally expected to kick off in the second quarter,...
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