China Everbright Bank to IPO on August 18

China Everbright Bank, China's 11th-largest lender by assets, plans to complete its potential US$2.9 billion initial public offering (IPO) on the Shanghai Stock Exchange on August 18, Reuters reported. The bank plans to sell 6.1 billion shares but may expand the offering to 7 billion shares if it chooses to [...]

Full "China Economic Review: Daily Briefing" article