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Industrial Bank's trading debut up 55%
click rate:2035 issue time:2007-03-10 08:12
Feb. 5, 2007 (China Knowledge) – Industrial Bank’s <601166> trading debut on the Shanghai Stock Exchange met with a spectacular start, jumping by about 55% on Monday.


Industrial Bank, a mid-sized institution which is nearly 13% owned by Hong Kong's Hang Seng Bank <11>, opened at RMB 24.80 against its IPO price of RMB 15.98.


The bank raised RMB 16 billion last month in China's fourth-largest domestic IPO. The issue attracted a record RMB 1.16 trillion in subscriptions and was 73 times subscribed – the highest in China’s corporate history.