Source: China – South China Morning PostICBC share prices diverge after first parallel listing
By Carol Chan
This article was first published on October 28, 2006
Shares of Industrial and Commercial Bank of China jumped a relatively modest 14.7 per cent on their Hong Kong debut and a lacklustre 5.1 per cent in Shanghai as the world’s largest-ever initial public offering finally came to market.
The debut immediately catapulted China’s largest lender into the top ranks of global banks as measured by market capitalisation. It seized the…Read More