Metallurgical seals year's second-largest IPO

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    Beijing-based industrial group Metallurgical Corporation of China (MCC) raised US$5.3 billion from its concurrent offerings of A- and H-shares in September.…

    Beijing-based industrial group Metallurgical Corporation of China (MCC) raised US$5.3 billion from its concurrent offerings of A- and H-shares in September. This represented the largest IPO in Hong Kong this year and the second-largest in the world for 2009.

    The headline-grabbing global offering of approximately 2.7 billion H-shares consisted of an IPO on the Hong Kong Stock Exchange (HKEx), and an international offering in reliance on Rule 144A and Regulation S, with a concurrent offering of approximately 3.5 billion A-shares listed on the Shanghai Stock Exchange.

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