December 11, 2006
worlds Biggest IPO
INDUSTRIAL & Commercial Bank of China Ltd raised US$19.1 billion in the world's biggest initial public offering after attracting orders equivalent to twice Citigroup Inc's market value.
ICBC has 18,000 branches and a customer base bigger than Russia's population. The IPO represents 14.8 percent of the company's shares and will value the Beijing-based bank at US$129 illion. The offering bests a previous record held by Japan's NTT Mobile Communications Network, which raised $18.4 billion during its 1998 IPO
Happy Loan" is ICBC Brand of personal loan serviceHappy Home" is an ICBC personal housing loan Happy Home" is an ICBC personal housing loan Happy Business" is an ICBC personal business loan. ICBC (Asia), formerly known as Union Bank of Hong Kong Limited, was established in Hong Kong in 1964 and publicly listed in 1973ICBC issued Peony Quasi Credit Card for the first time. "Peony Card" soon became a famous bankcard brand among the counterparts. May 2002, Peony Card Center established, which was the first professional bankcard business organization in China.ICBC Internet banking product "Banking@home