The Foreign Bank Said That ABC Will Accept A Share IPO Tender In The Middle Of This Month.
NetEase financial, according to the Wall Street journal, two people familiar with the matter said on Wednesday that the Agricultural Bank of China Ltd. (ABC) will invite institutional investors to tender for their initial public offering (IPO) pactions in Renminbi in from June 17th to 23rd.
The Bank of Agriculture plans to pass two places in Shanghai and Hongkong.
list
A total of $20 billion to $30 billion was raised.
The bank is the last listed bank in China's four largest bank.
The agriculture bank will hold two rounds of talks with analysts and fund managers on the pricing of IPO in the first two weeks of June, because it fears that the weakness of the current stock market may weaken demand, according to people familiar with the matter.
Earlier Wednesday, a person familiar with the matter told the Dow Jones Newswires that the Hongkong hearing of the Agricultural Bank of China was scheduled to take place in June 10th.
If approved, the Bank of Agriculture plans to list in Shanghai in July 15th and be listed in Hongkong in July 16th, according to people familiar with the matter.
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