• Small Investors Cool to AgBank IPO

    HONG KONG—Foreign institutional investors are eagerly bidding for Agricultural Bank of China Ltd.'s multibillion-dollar share offering, but Hong Kong's small investors are giving the lender a lukewarm reception.

    The portion available for institutional investors in Hong Kong was six to 10 times oversubscribed, people familiar with the matter said Wednesday. AgBank's initial public offering aims to raise as much as US$23.3 billion...

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