Skip to content
Subscriber Only

China Railway Construction IPO On Track

The building and infrastructure company aims to raise as much as $5.3 billion from its dual A-share and H-share listing

China Railway Construction Corporation (CRCC) attracted a lot of interest when it kicked off the institutional roadshow for the H-share portion of its initial public offering in Hong Kong yesterday with about 350 investors showing up at a lunch to hear the management talk about strategy.

The company, which is primarily active within infrastructure construction, and last year featured on Fortune's list of the world's top 500 companies, aims to raise between HK$16.9 billion and HK$18.3 billion ($2.2 billion to $2.3 billion) from the H-share portion alone and up to Rmb22.3 billion ($3.1 billion) from its near-simultaneous A-share offering.