The Agricultural Bank of China (ABC) is still insisting on a simultaneous dual listing in Hong Kong and Shanghai in July, even though some don't believe that recent market conditions were favorable for the IPO, caing.com reported Monday.
The bank, whose IPO is expected to be the largest of all time, planned to raise $30 billion in both the Hong Kong and Shanghai markets. The money raised from A and H shares will be equal, but insiders said it is difficult for the lender to raise so much money in the recent fluctuating stock markets.
Special Coverage:ABC heads for world's largest IPOChina Business News said the IPO road show was expected to take place in mid-June and the price will be set in late June, ahead of the listing in mid-July, according to the banking source.
