Shares of the Agricultural Bank of China (ABC) will face a major test in the market in the coming week after it exercised the over-allotment option to help limit price volatility.
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.
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.
Agricultural Bank of China, the only remaining unlisted member of the country's "big four" state-controlled megabanks, is set to make the world's largest initial public offering — a huge cash call of at least US$30 billion.
? Company profile ? List of underwriters
Agricultural Bank of China seeking IPO
