On November 6, 2013, ABC International is honored to have acted as the Joint Bookrunner in Bank of Chongqing’s (stock code: 1963.HK) initial public offering in Hong Kong, which is the first Chinese bank listing within three years.
The offer price was set at HK$6.00 a share, in the middle of the indicative price range. The company raised a total of US$630 million.
The IPO received 4 times oversubscription in the international tranche while its retail offering was oversubscribed by about 7.81 times.
ABCI arranged one cornerstone investor during the book building process and also introduced decent amount of orders to this transaction.