SHANGHAI: Shares in Bank of China surged 23% yesterday in the Shanghai stock market's biggest debut, underscoring huge appetite for new shares among Chinese investors.
State-run Bank of China, which raised 20 billion yuan (US$2.5bil) in the country's largest-ever domestic initial public offering, is the first big company to list locally since Beijing lifted a year-long ban on stock offers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!