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October 9, 2006
Supersize My China Bank IPO
Let's put the upcoming supersized Industrial and Commercial Bank of China (ICBC) IPO in context:- Amount to be raised by ICBC IPO: $21.8-billion
- Amount raised by all IPOs on U.S. exchanges in first half of 2006: $19.2-billion
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It's ICBC, not CIBC. Nor is it ABC, CCB, BOC, or even HSBC. ;-)