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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Everbright Bank sets price range for Shanghai IPO

Posted on 09 August 2010

From Reuters: China Everbright Bank, controlled by Central Huijin, a unit of China’s $300 billion sovereign wealth fund, set a lower than expected price range for its $3 billion IPO, even after key investors pledged to buy the bulk of the shares, highlighting lingering caution over the country’s stock market.
State-controlled Everbright Bank said on Sunday the range for its Shanghai initial public offering backed up its commitment to offering value and would give the shares more upside on the secondary market……………………………………….Full Article: Source

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