Banking

ABC shares open 2.24% higher at Shanghai bourse

(Xinhua)
Updated: 2010-07-15 09:48

BEIJING - Shares of the Agricultural Bank of China opened 2.24 percent higher than its initial public offering price of 2.68 yuan (40 cents)?on its first day of trading in the Shanghai bourse Thursday.

Special Coverage: Focus on ABC's IPO Plan Related readings:  Market's rebound to be put to the test  ABC sets H-share IPO price at HK$3.2  ABC may raise $22b in record IPO  ABC to exercise greenshoe option for Shanghai shares

The bank started trading at a price of 2.74 yuan per share in Shanghai.