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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Agricultural Bank of China set for IPO record

Posted on 28 June 2010

From AFP: Eleven so-called cornerstone investors — including Qatar’s sovereign investment fund, British bank Standard Chartered and Hong Kong’s richest tycoon Li Ka-shing — are pouring money into the massive sale, which is expected to fetch as much as 24 billion US dollars ahead of the bank’s trading debut in Hong Kong and Shanghai next month.
Estimates for the IPO — which starts Wednesday — have ranged from about 19 billion US dollars to 30 billion US dollars as market volatility left a key question mark over the sale’s chances of smashing previous records……………………………………….Full Article: Source

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