Finding out what it's like to be part of the world’s biggest IPO
When the former state-owned Industrial and Commercial Bank of China (ICBC) floated in October last year, investors from around the world turned out in their droves to get a piece of the action. Some $22 bn worth of shares were snapped up within hours as institutional investors placed $350 bn in orders for the stock.And it wasn’t just institutional investors that were keen to get on the bandwagon. The Hong Kong part of the ICBC listing drew the largest number of orders ever from retail investors,
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