Thu, August 19, 2010

Agricultural Bank of China launches IPO

AgriBank shares open 2.24% higher at Shanghai bourse

Shares of the Agricultural Bank of China opened 2.24 percent higher than its initial public offering price of 2.68 yuan on its first day of trading in the Shanghai bourse Thursday. Full story


Milestones on ABC's listing path

ABC presents its listing request to stock exchanges in Shanghai and Hong Kong.


How do you forecast the impact of ABC"s IPO on markets?
Positive impact.
Negative impact.
No significant impact.


Agricultural Bank's debut solidifies HK status as int'l financial center

2010-07-16 13:07:21 GMT Xinhua English HONG KONG, July 16 (Xinhua) -- Agricultural Bank of China (ABC) rose 2.2 percent in its Hong Kong trading debut Friday, a day after its listing in Shanghai, as the main rural lender in China rolled out a massive initial public offering worth up to 22.1 billion U.S. dollars.

AgriBank gains 2.2% in HK debut

2010-07-16 10:17:04 GMT China Daily Agricultural Bank of China Ltd rose 2.2 percent on its debut in Hong Kong, after posting the smallest first-day gain among major rivals in Shanghai yesterday following a $19.2 billion initial stock sale.

ABC to embrace 'Green shoe' option

2010-07-15 06:02:25 GMT China Daily Agricultural Bank of China (ABC) is the second company in the history of the Shanghai stock exchange to embrace the "green shoe" option - known in legal jargon as an over-allotment option - which allows members of its initial public offering (IPO) underwriting syndicate to sell additional shares if demand exceeds the original offering.

ABC projects stable costs, higher revenues on eve of listing

2010-07-15 06:01:31 GMT China Daily Agricultural Bank of China (ABC) has the potential for bigger profits in the coming years, mainly from its brisk intermediary business, improving asset quality and better cost controls, said ABC's management in the road show.

ABC's float ripples to have little impact on A-share market

2010-07-15 06:02:53 GMT China Daily BEIJING - Agricultural Bank of China's (ABC) mega float is unlikely to cause big waves on the domestic A-share market despite the sluggish and uncertain trend, analysts said.

Good response from institutions to ABC IPO

2010-07-15 05:59:54 GMT China Daily Beijing - Despite different reasoning behind the decision to subscribe to the shares of Agricultural Bank of China (ABC), institutional investors have shown strong interest.

China's equities end mixed at midday awaiting ABC's IPO pricing

2010-07-07 05:22:11 GMT Xinhua English BEIJING, July 7 (Xinhua) -- Chinese stock markets headed towards different directions in the morning session as investors waited for the Agricultural Bank of China to announce its initial public offering A-shares.

Chinese stocks close lower Thursday as ABC begins IPO roadshow

2010-06-17 09:48:47 GMT Xinhua English BEIJING, June 17 (Xinhua) -- Chinese equities reversed early gains and closed lower Thursday as China's last state-owned commercial bank began roadshow for its dual listings in Shanghai and Hong Kong.

ICBC to buy 70% stake in AXA-Minmetals Assurance

2010-07-14 13:00:31 GMT Business China Industrial and Commercial Bank of China Ltd., the world's most profitable bank, is set to buy a 70% stake in Shanghai-based AXA-Minmetals Assurance Co. Ltd. from China Minmetals Corp. and AXA SA, the official Shanghai Securities News reported Wednesday, citing an unnamed source.

The world's biggest IPOs

2010-06-30 23:39:33 GMT Forbes Chinese bank stocks look set to become the largest-ever public listings.

Lenders may raise less from floats

2010-06-08 02:26:08 GMT China Daily Capital market slump to weigh on ABC, BoCom funding plans

BoCom trims fundraising plan

2010-06-07 06:01:02 GMT China Daily Bank of Communications (BoCom) has scaled back its fundraising plan to about 33.1 billion yuan ($4.85 billion), down from the original target of 40.2 billion yuan, the Shanghai Securities News reported Monday.