Asia Finest Discussion Forum > Pricing the 'biggest IPO in history'

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moviez

Sep 28 2006, 04:55 AM

Pricing the 'biggest IPO in history'
http://www.atimes.com/atimes/China_Business/HI29Cb01.html

QUOTE

The ICBC's IPO may raise between US$19 billion and $21 billion. The sale is expected to be the world's largest ever IPO, surpassing the record of $18.4 billion raised by Japan NTT Mobile Communications in 1998.

ICBC = Industrial and Commercial Bank of China

Bchung

Sep 28 2006, 10:09 AM

i wouldnt adivse you buy a share of this bank.

The only banks in China that you shoudl really consider holding shares off are.

China Merchants Bank
Bank of Communications
Citic Bank
MinSheng Bank
Shanghai Pudong Bank

just stay away from the big 4's..... just in case you considering buying it... as a HKer who is working in the finance industy i wouldn welcome this IPO, as the Bank still full of problems, NPL, bad debts, etc etc......

The first Chinese Big 4, China Construction bank has disspointed the its shareholder pretty badly...... NEVER BUY BANKS WHICH ARE STATE CONTROLLED. Buy the smaller ones, they are money motivated.

silla

Sep 28 2006, 10:17 AM

QUOTE(Bchung @ Sep 28 2006, 08:09 AM)

NPL, bad debts, etc etc......

its only good to have a friend who works in a state bank who will give u a loan u don't have to repay.

Bchung

Sep 28 2006, 10:21 AM

not when they start sacking them.... neither they screwed up, or they chose the wrong dude to support or they are chosen to be sacrifice for the greater good for the other corrupted.

moviez

Sep 29 2006, 03:19 PM

QUOTE(Bchung @ Sep 28 2006, 11:09 AM)

i wouldnt adivse you buy a share of this bank.

The only banks in China that you shoudl really consider holding shares off are.

China Merchants Bank
Bank of Communications
Citic Bank
MinSheng Bank
Shanghai Pudong Bank
just stay away from the big 4's..... just in case you considering buying it... as a HKer who is working in the finance industy i wouldn welcome this IPO, as the Bank still full of problems, NPL, bad debts, etc etc......

The first Chinese Big 4, China Construction bank has disspointed the its shareholder pretty badly...... NEVER BUY BANKS WHICH ARE STATE CONTROLLED. Buy the smaller ones, they are money motivated.

Penny Stock. Pump "N" Dump.

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