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Capital Markets

ABC IPO: Timeline

February 1979 The current incarnation of ABC is founded
1999 China’s troubled big-four banks spin off Rmb1.4 trillion of their non-performing assets into Asset Management Companies
October 27 2006 ICBC listed in world’s biggest ever IPO, A-shares and H-shares raising $21.9 billion
May 2008 Pan Gongsheng appointed vice-governor of ABC, having worked on ICBC listing
Jan 16 2009 ABC incorporated in Beijing with registered capital of Rmb260 billion, with a view to an IPO in the near future
April 2 2010 Good Friday – banks receive RFP calls from ABC management, and scramble to complete the pitch books over the weekend. Senior investment bankers begin flying in to Beijing from Easter holidays around the world
April 7-8 2010 Almost 30 banks gather in Beijing offices of ABC to pitch for bookrunner roles on the deal, drawing lots to decide pitch order
April 14 2010 ABC picks bookrunners for A+H listing:
H-share: Goldman Sachs, Morgan Stanley, CICC , JPMorgan, Macquarie, Deutsche Bank, ABC international
A-share: CICC, Citic Securities, Galaxy Securities, Guotai Junan Securities

April 16 2010

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