EQUITIES: ABC exercises H-share greenshoe
Agricultural Bank of China has taken a major step towards becoming the world’s largest-ever IPO after fully exercising the 15% greenshoe option for the H-share tranche of its Shanghai and Hong Kong listing. It sold an additional 3.81bn shares at HK$3.20 apiece to raise HK$12.2bn (US$1.57bn) and take the H-share deal size to HK$93.5bn.
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