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| PICC Group | |
| Size | $3.56 billion H-share IPO (Hong Kong) |
| Joint global coordinators | Deutsche Bank, Goldman Sachs, Credit Suisse, CICC and HSBC |
| return to the Asia Deals of the Year index | |
PICC’s December IPO in Hong Kong was the largest IPO to come out of the special administrative region in nearly two years.
A total of 17 cornerstone investors with a combined $1.82 billion of demand were secured ahead of the roadshow, covering around 60% of the overall IPO. “This inevitably created demand for the rest of the tranche,” says Ashok Pandit, head of ECM at Deutsche Bank in Hong Kong.
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