SHANGHAI: China’s Sinohydro Group Ltd, the builder of the Three Gorges dam, plans to raise more than US$2.5bil in what could be mainland China’s biggest initial public offering (IPO) this year.
The Chinese equity market has been dominated by smaller issues so far in 2011, following a hectic 2010 that saw a slew of mega IPOs by companies like Agricultural Bank of China and China Everbright Bank.
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