Tuesday, May 30, 2006

When China Doesn't Need The Street: Bank of China

The world's largest IPO in six years is going out on the HK markets Thursday. It's China Bank at a whopping $9.7 billion.

"Hong Kong's new popularity for the mega IPOs is seen by some as the latest trend in globalization -- the rise of a new world with many financial capitals," says a report at BusinessWeek.

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