Bank of China share offering hits record high in subscriptions – People’s Daily

From People’s Daily Online:

Bank of China said on Monday its public share offering, which ended last weekend, has frozen as much as 540 billion yuan of subscription funds, a record high among companies listed on a mainland stock exchange.

The market, however, has anticipated public investors would pour 600 billion to 800 billion yuan of investment into the BOC share offering.

It has set a price of 3.08 yuan per share for trading starting on July 5 on the Shanghai bourse, tracking its 2.95 Hong Kong dollars pricing for shares that were already offered in Hong Kong late May. BOC shares rose to 3.4 Hong Kong dollars last weekend. [Full Text]

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