July 7, 2010 / EIN Presswire / The Agricultural Bank of China, or AgBank, will launch on July 15 and 16 what is predicted to be the world’s biggest IPO.
Offered in both Shanghai and Hong Kong, the estimated value of the dual-listed IPO is being pegged at a staggering $22.2 billion, slightly higher than the 2006 IPO of Industrial & Commercial Bank of China, which brought in $21.9 billion.
In an unstable financial climate that has seen many IPOs fall by the wayside as the dollar and euro fluctuate, AgBank is moving quickly toward is offering date, saying it will sell 22 billion shares with a Greenshoe option equivalent to 15 percent of the initial offering size. The bank says that if the Greenshoe is exercised in full, the IPO share will be increased to 25.5 billion.
Read more about the AgBank IPO at IPO News Today:
AgBank IPO news – http://ipo.einnews.com/news/agricultural-bank-of-china-ipo
Shanghai Stock Exchange IPOs news – http://ipo.einnews.com/news/sse-ipos
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