ABC starts attracting emerging-market investors

The market estimates that the bank's fund-raising scale of about 20 billion U.S. dollars, if the issue price slightly increased, it will impact the 2006 ICBC to raise 22 billion U.S. dollars record, may become the largest ever IPO, the international financial market is also a huge impact, Wall Street is also highly concerned about this, CCTV financial channel　　"Global financial Connection" host Rui video link to the New York Reuters financial commentator Conway, to listen to his analysis. Rui: One of the hot topics at the moment is ABC's IPO. But a lot of people worry that such a big IPO could have some impact on the stock market. What is the attitude of Wall Street's financial institutions on the ABC IPO?　　Although the IPO is not the largest in the world, it is likely to be the biggest public offering in 2010. Conway: Gang, different people have different guesses about the amount of agricultural Bank of China's third-largest bank, the first public offering. AgBank expects to overtake the world's largest IPO, the industrial and Commercial Bank of China. AgBank's initial public offering was initially targeted at $30 billion trillion, with analysts now predicting close to $20 billion trillion. Some even think the initial public offering in mid-July could be $18 billion trillion. At present AgBank's stock valuation is 1.5 times times its book value. Some investors are worried about the timing of AgBank's initial public offering, as the world economy is in a volatile state of concern over the euro zone's debt crisis. China's stock market has fallen 19% since mid-April and the Hong Kong market is down 10.7%. But one analyst told me that this could be an advantage for AgBank. The mature market is weak, and AgBank is facing fewer international competitors from the banking industry. AgBank has kept the big IPO trend from China going, and the offering is attractive to investors looking to diversify their investment in emerging markets.