Deals
Agricultural Bank Sets IPO Record at $22.1 Billion
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Agricultural Bank of China Ltd. boosted the size of its initial public offering to $22.1 billion after selling more stock in Shanghai, making it the world’s largest first-time share sale.
China’s biggest lender by customers sold a further 3.34 billion shares at the IPO price of 2.68 yuan apiece, it said in a stock exchange filing yesterday. That increased the Shanghai portion of the lender’s IPO to 68.5 billion yuan ($10 billion).