Industrial and Commercial Bank of China (ICBC) is expected to set its initial public offering (IPO) price in a range of 2.7-2.8 hkd for its listing in Hong Kong and Shanghai.

The bank is also expected to list at both exchanges on Oct 27.

ICBC has taken measures to ensure that it avoids the kind of difficulties encountered by Air China, which was forced to reduce its Shanghai IPO because of sluggish demand.

Previous reports in the news media have said ICBC plans to issue about 40 bln H-shares and 17 bln A-shares in its dual IPO, raising about 20 bln usd.

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Source:佚名