Get ready for the Industrial & Commercial Bank of China IPO, which will be priced this Friday in Shanghai and Hong Kong. All the main underwriters--Merrill Lynch, Deutsche Bank, Credit Suisse--will benefit from the massive offering, which could raise up to $22 billion. After the deal, Goldman Sachs will remain in first place in the IPO league table for Asia (not including Japan). Merrill Lynch, however, will rank second, pushing UBS into third. Credit Suisse will make the largest jump, to sixth place from eighth. Deutsche Bank will go to fifth place from eighth. Not terribly happy: The NYSE and the Nasdaq. These are huge fish that are getting away.

For more on the deal:
- Here's an AP update
- On Goldman's China IPO saga. Article