Bank of China IPO Debut

The debut of the world's largest IPO in six years went as well as some hoped, rising by almost 15%. The Bank of China ignored the bears of Hong Kong to make an impressive debut.
Bank of China soars in $13 billion IPO
"About one in seven people in Hong Kong - 954,000 people - participated in the city's biggest initial public offering, managed by Goldman Sachs, UBS and Bank of China International. Most investors' holdings are modest because of the scramble for shares, so few were "stagging" them by selling for a swift profit yesterday.
Hanging on to Chinese banking stocks has proved worthwhile. Shares in the country's third-biggest bank, China Construction Bank, are now worth 44 per cent more than their listing price in Hong Kong last October, in a $12.3 billion IPO." The Australian

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