ICBC invites bids as queue for cash grows
Industrial and Commercial Bank of China was hearing pitches from bankers this week ahead of a placement of Hong Kong shares that could be worth as much as $11.5bn. But bankers warned the pipeline of planned bank capital raisings was likely to be blocked until Agricultural Bank of China’s IPO in the summer.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts