icbc-starts-premarketing-of-mega-ipo

ICBC starts pre-marketing of mega IPO

The company secures $3.5 billion from 15 corporate investors to set the deal off to a good start.
September 25, 2006
You could argue that investors will have to buy shares in Industrial and Commercial Bank of China ICBC simply because of its sheer size and its position as a market leader in most of its key product areas.

There is also a feeling among investors that so much ôfaceö is riding on ICBC's role as the first company to be allowed to carry out a simultaneous dual listing in Hong Kong and China that it wonÆt be allowed to fail û making it an investment with virtually no potential downside near-term.

However, pre-deal research published by syndicate analysts at the start of pre-marketing yesterday stresses that while being big in a big and fast...
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