China Shipbuilding IPO raises $2.2 bn
China Shipbuilding Industry said on Wednesday it priced its A-share initial public offering at 7.38 yuan a share, at the top of an indicated range.
The Shanghai listing has helped China's largest ship equipment maker to raise 14.7 billion yuan ($2.2 billion).
The company said the IPO has tied up 961.2 billion yuan in subscriptions due to huge investor demand.
China has seen a string of large IPOs approved in recent weeks, as authorities look to use new shares to help cool the stock market, while firms rush to raise funds from the booming mainland bourse.
China Shipbuilding did not specify when its shares would start trading.
