(China) – The Hong Kong arm of Bank of China is launching a US$2-3 billion initial public offering on July 8.This is the first listing of assets by any of China’s big commercial lenders and underwriters are already underway with pre-marketing the IPO concluding investor presentations by July 22 with shares being priced at that time. Tentative listing date is July 25.
Goldman Sachs, UBS Warburg, and Bank of China International, BOC’s sister investment bank, are joint lead managers of the IPO.