From China Economic Net:
Shares in Bank of China, one of the nation’s “big four” lenders, made a strong debut in Shanghai Wednesday morning as the new number-one on China’s stock markets.
BOC’s initial public offering was valued at a hefty 20 billion yuan (2.5 billion U.S. dollars), and its equities, totaling 253.8 billion shares, dwarfed the former front-runner Sinopec Corp., which has 86.7 billion shares.
Investors were snapping up shares of Bank of China, the first state bank listed in China’s mainland, as there is strong pent-up demand for new shares, analysts say.[Full Text]
For more news about Bank of China’s IPO, [click to see]
