In what country did the largest IPO of all time take place?
In October 2006, the Industrial and Commercial Bank of China went public. In a move that surely had Mao Tse-Tung spinning in his grave, the bank sold $21.9 billion of stock in its initial public offering, a record haul that looks as though it will be beaten out by yet another Chinese financial institution, the Industrial and Commercial Bank of China. This bank sold over $19 billion worth of stock at an IPO in Hong Kong and Shanghai, and their take could exceed $22 billion if its overallotment options are exercised as expected.
SOURCE: China Bank I.P.O. Raises $19 Billion | New York Times