China’s state-backed BOC International raises $216m in Shanghai IPO

China’s state-backed BOC International raises $216m in Shanghai IPO

BOC International (China) Co. Ltd, a financing service company made its trading debut in Shanghai on Wednesday after raising 1.52 billion yuan ($216 million) in an initial public offering (IPO) on the bourse, per a filing with Shanghai Stock Exchange (SSE). The company is backed by the state-owned BOC International Holdings Limited (BOCI). 

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