China Zhongwang closes year's largest IPO

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    Chinese companies continue to lead the way in testing investor confidence in the IPO market, with aluminium-products maker China Zhongwang Holdings completing…

    Chinese companies continue to lead the way in testing investor confidence in the IPO market, with aluminium-products maker China Zhongwang Holdings completing the year's largest IPO globally.

    Set to raise US$1.2 billion, with another US$180 million expected if the greenshoe option is exercised, China Zhongwang's IPO in Hong Kong is nearly twice the size of Mead Johnson Nutrition's in February. Four of the largest 10 IPOs in 2009 have involved Chinese companies.

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