DealZone

The afternoon deal: Weak markets + big IPO = ?

June 22, 2010

Pedestrians walk past the logo of the Agricultural Bank of China (AgBank) at its branch in Shenyang, Liaoning province June 18, 2010.  REUTERS/Sheng Li Kuwait has confirmed its investment in the China Agbank IPO and others are expected to step forward shortly.

The driving force behind Agbank public offering is Vice President Pan Gongsheng. The IPO is being hammered out in a classroom and attendance is monitored. Find out more of how this deal looks and feels here.

Here are some key facts about the bank and its cornerstone investors.

The IPO, expected to raise $23 billion, has faced serious global headwinds. Specific to the region, the main Shanghai index has fallen 21 percent this year, making it one of the worst performers in the world.

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