China's ICBC: The World's Largest IPO Ever

The mainland's top bank is offering $19 billion worth of shares. With China's growth topping 10%, it's no wonder investors are flocking

Well it's official. On Sept. 27, China's mega-lender and biggest mainland bank, the Industrial and Commercial Bank of China (ICBC), disclosed details of its upcoming $19 billion share offering in Hong Kong and Shanghai that will go down in history as the world's biggest initial stock listing. And judging by the overwhelming investor responses to previous share offerings by China Merchants Bank and Bank of China this year, get ready for a stampede.

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