AgBank IPO world's biggest

Agricultural Bank of China raised US$22.1 billion as it exercised an over-allotment option to surpass the Industrial and Commercial Bank of China as the world's biggest initial public offering.

AgBank announces full exercise of over-allotment option

China's Agricultural Bank (ABC) announced Thursday the over-allotment option for its global offering has been exercised in full by the joint bookrunners on behalf of the international underwriters on the day.

• Investor caution on IPO
• AgBank's micro-credit loans in rural areas expand rapidly
• ABC notes limited impact from cooling property sector
• AgBank shares make a modest debut
• AgBank shares open 1.56% higher in HK

• AgBank of China says HK IPO 5.87 times oversubscribed
• AgBank shares open 2.24% higher at Shanghai bourse
• ABC to embrace 'Green shoe' option
• ABC projects stable costs, higher revenues on eve of listing
• Market's rebound to be put to the test

• AgBank sets H-share IPO price at 3.2 HKD
• AgBank nets US$19 bln in IPO
• Good response from institutions
• Investors get cold feet on ABC's huge IPO
• ABC's mega float to have little impact on A-share market

• IPO reflects changing banking paradigm
• Big clients, intermediary services drive ABC growth
• China's AgBank prices IPO to be world's largest
• Agricultural Bank plans mid-July IPO
• ABC accepts online subscriptions to IPO from individual investors

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