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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

The world’s biggest IPO; Kuwait fund key investor

Posted on 30 June 2010

From Arabtimesonline.com: Agricultural Bank of China (AgBank) is expected to set a price range on Monday for its Shanghai listing similar to the one determined for the bank’s Hong Kong offering, thus giving a clearer indication of the size of the IPO, which could be the world’s biggest.
Eleven cornerstone investors, including sovereign wealth funds in Qatar and Kuwait and United Overseas Bank, have agreed to buy $5.45 billion worth of AgBank shares, or nearly half of the Hong Kong offering, sources said……………………………………….Full Article: Source

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