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Quiz: QUIZ: Notable IPO's

Question 1 of 10

In what country did the largest IPO of all time take place?

  1. China
  2. England
  3. Saudi Arabia
  4. United States
Correct!

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