Goldman selected for Bank of China IPO
Bank of China has finally ended the suspense. As rumored, Goldman Sachs is among a group of three that will lead the initial public offering of China's No. 2 bank. UBS and Bank of China International are the other two. Something of a mystery is the role of Merrill Lynch. It announced this month that it will join an investment group that has agreed to buy a 10 percent stake in the Chinese lender. Could it have played a role? For whatever reason, it was not selected, and this was a big deal. There was no indication of when the deal might price.
> Here's the Associated Press article.
> More on China bank deals. Article
Comments