Bank of Shanghai $1.6 billion IPO oversubscribed 763 times in biggest Shanghai listing this year

SHANGHAI Bank of Shanghai Co’s (601229.SS) 10.7 billion yuan ($1.58 billion) initial public offering, the Shanghai bourse’s largest this year, was oversubscribed by a factor of 763, according to a calculation by Reuters from two filings on Thursday and Friday.
( read original story …)