Shenjing Bank IPO Review: Finance Trading Times

Shenjing Bank IPO Review

One more IPO is going to hit the Chinese markets.
This time, it’s the recently renamed Shenjing Bank, which is planning to come out with its IPO or Initial Public offering. This bank was initially knows as the Shenyang City Commercial Bank.

When will Shenjing Bank IPO come to the market?
Though there are no definite dates so far, the expected date will be within a year.

Where will Shenjing Bank IPO list?
The listing would be on the Shanghai Stock Exchange.

How much money will be raised by the Shenjing Bank IPO?
The Shenjing Bank plans to sell 600 million A-shares, and has appointed Galaxy Securities for the valuations of the IPO.

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The Shenjing Bank not yet released any more details of the IPO, as it is still subject to the approval from the securities regulator. The bank is planning to setup a new Beijing branch and has applied for the same. Currently, it owns a branch in Tianjin Municipality.
The city commercial bank posted a net profit of RMB 810 million last year, with non-performing loans of 2.02% at the end of 2007.
More and more IPO’s Let’s see how the Shenjing Bank IPO performs in these turbulent market timings. Table of Contents
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