China's AgBank Gets Green Light For $30B IPO

Law360, New York (June 10, 2010, 2:58 PM EDT) -- Agricultural Bank of China Ltd. has received the go-ahead from China's securities regulator to launch an initial public offering of up to $30 billion, which could mark the world's largest listing ever.

The China Securities Regulatory Commission's Public Offering Review Committee on Wednesday signed off on the company’s application for approval of its preliminary prospectus, which aims to sell up to 56.3 billion new shares through dual listings in Shanghai and Hong Kong, according to state-run Chinese news agency Xinhua.

ABC, which is China’s third-largest bank...
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