The price was no surprise given the overwhelming demand for ChinaÆs largest private-sector bank, which has a leading position in the fast-growing consumer banking segment of the market.
Sources say the institutional portion of the $2.42 billion deal was about 50 times covered, while retail investors asked for 266 times the 5% of the offering initially earmarked for them. The subscription levels for both institutions and retail investors were the highest...
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