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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Agricultural Bank of China IPO size doubt: report AFP - 2 hours 6 minutes ago Send IM Story Print Agricultural Bank of China IPO size doubt: report HONG KONG (AFP) - – Agricultural Bank of China's initial public offering, billed for months as the world's largest share sale, may raise much less than expected, a report said Monday. The Financial Times reported that AgBank -- the last of China's top four banks to go public -- would likely raise about 20 billion US dollars, far below earlier predictions of a 30 billion US dollar IPO. That would fall shy of Industrial & Commercial Bank of China's 22 billion US dollar offering in 2006. The report said the lowered estimate was based on discussions with analyst and bankers, current market conditions and details of the bank's preliminary prospectus released on Friday. AgBank said it would sell as many as 54.8 billion new shares in Shanghai and Hong Kong, but it did not give a price range for the new issue. The China Securities Regulatory Commission has said it would review the bank's IPO plan on Wednesday. A spokeswoman for AgBank in Hong Kong was not immediately available for comment. Recommend Send IM Story Print Related Articles Asian stocks, euro fall on US jobs data, Hungary fears AFP - 19 minutes ago China Bank of Communications' rights issue reduced AFP - 1 hour 29 minutes ago Agricultural Bank of China IPO size doubt: report AFP - 2 hours 10 minutes ago Trading halted in Cathay Pacific, Swire Pacific shares AFP - Monday, June 7 Foxconn gives China workers dramatic wage hike AFP - Monday, June 7 News Search Top Stories As record sales drop, singers flock to festivals US dollar flexes muscle as crisis stalks markets UN warns climate change could trigger 'mega-disasters' Not forgotten: Remains of US soldier sought on Vietnam hill Marine sponge drug extends breast cancer survival: study More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended New world record for longest poker game US dollar flexes muscle as crisis stalks markets UN warns climate change could trigger 'mega-disasters' Not forgotten: Remains of US soldier sought on Vietnam hill Eurozone debt could squeeze banks: experts More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Paris museum burglar grabs 120-million-dollar art haul US team creates first 'synthetic life' Clashes as Israeli forces storm Gaza aid boat: Hamas TV More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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