ICBC's record US$19B dual IPO debuts, shares rise modestly in HK and Shanghai

ICBC completed the world's largest IPO at the time, raising US$19 billion in a dual listing in Hong Kong and Shanghai. Shares rose 14.7% in Hong Kong and 5.1% in Shanghai, reflecting cautious investor sentiment despite the record size. The listing elevated ICBC to the top ranks of global banks by market capitalization, signaling China's growing financial market influence.

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