Deals that changed the market in 2006: ICBC’s initial public offering

The flotation of the Chinese bank overcame the hazards of a simultaneous dual listing to attract enormous demand worldwide – but it was, perhaps, at too high a price.

Six deals that changed the market in 2006

Deal type: $21.9 billion initial public offering (including greenshoe)
Issuer: Industrial and Commercial Bank of China
Joint global coordinators & sponsors: CICC, ICEA, Merrill Lynch
Joint bookrunners, lead managers of HK IPO & international offering: Merrill Lynch, CICC, Credit Suisse, Deutsche Bank, ICEA
Financial adviser to ICBC: Lehman Brothers
Date: October 2006

If there was one deal that symbolizes the strength of global capital markets in 2006, it is the $21.9 billion IPO of mainland Chinese lender Industrial and Commercial Bank of China (ICBC).

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Deals that changed the market in 2006: ICBC’s initial public offering

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