CHINA: RECORD IPO, AGBANK HAS SIX BUYERS FOR EACH SHARE

A record beginning for the Chinese AgBank, receiving offers equaling six times the offered stock. This could be the richest initial public offering in the world, valued some 22,1 billion dollars.The Agricultural Bank of China has announced it received 117.176 offers 5,87 times greater than the 7,46 billion available shares.

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