Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Ltd (ICBC, Simplified Chinese: Traditional Chinese: pinyin: ZhongGuo Gonghang Yinhang, often only Gonghang) is a Chinese multinational banking company and the largest bank in the world by assets and market capitalization. It is one of state commercial banks «Big Four» of China (the other three are the Bank of China, Agricultural Bank of China and China Construction Bank). Established on January 1, as a company, in 1984. In early June 2015, it had assets worth US $ elements 3,616,000,000,000th the largest bank in the world, as the assets in general; It is to achieve the first Chinese bank to such performance. It is the number 1 in the Top 1000 World Bank ranking of Banker and the first on the Forbes Global 2000 list of the largest listed companies in the world.

ICBC recorded simultaneously in both the Hong Kong Stock Exchange and Shanghai Stock Exchange on 27 October 2006. It was estimated the largest IPO in the world this time US $ 21.900.000.000, surpassing the previous record of US $ 18.400.000.000 ipo of NTT Japan DoCoMo AgBank iPO ICBC broke records in 1998. in 2010, when it raised $ 22.1 billion, the largest commercial bank of China was also the first company in both Hong Kong and Shanghai debut exchanges simultaneously.

ICBC raised at least US $ 14000000000 in Hong Kong (H shares) and additional US $ 5.100.000.000 in Shanghai (A Shares). Strong was the assistance of the Greenshoe (ie over-allotment) exerted internships and accept ICBC rose US circulated in the US about US $ 16 billion dollar sign at the Hong Kong 21.900.000.000 $ (17% of ICBC market value for the IPO ) and $ 5900000000 in Shanghai. In response to the global supply of free float was 22.14% of the market capitalization.

At the end of the first trading day, the share price of the bank closed down nearly 15% to HK $ 3.52 in Hong Kong, compared with the list price of HK $ 3.07, which is on top of the indicative range as a result of strong demand. According to Bloomberg, the capitalization of ICBC at the end of trading on the basis of shares in Hong Kong was US $ 156.3 billion, so that the capital of the world's fifth highest of the banks, behind JPMorgan Chase. Meanwhile, Shanghai-listed A shares ICBC posted modest gains, reaching 5.1% compared with the offer price of RMB 3,12.