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At a glance: Deal type: US$9 billion initial public offering (including greenshoe) Issuer: China Construction Bank Joint bookrunners: CICC, CSFB, Morgan Stanley Date: November 2005 |
The China Construction Bank’s initial public offering, which began trading in November 2005, is probably the obvious choice for Asian deal of the year and for that reason alone it was tempting to scour the region for one that was more worthy. However, CCB’s massive issue merits the award for reasons beyond its size.
The metrics are simple: CCB was the largest Chinese IPO ever, the largest IPO in the world in 2005, the eighth-largest IPO of all time and the largest financial sector IPO ever.
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