William Foreman
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/ 1 June 2006

Bank of China’s IPO hits Hong Kong stock market

Shares of the Bank of China rose more than 14% by midday on Thursday during their debut on Hong Kong’s stock market, with indications of strong demand from investors around the globe eager to tap into the country’s galloping economy. The bank raised ,7-billion in an initial public offering — the world’s biggest in six years — that valued the shares at HK,95 each.