Shares in Industrial & Commercial Bank of China (1398.HK), which is rising up to US$21.9 billion in the world's largest IPO, rose as much as 18 percent in their Hong Kong debut after its stock sale generated huge investor demand. The IPO, about 75 percent of which was sold to Hong Kong and global investors and the remainder in the mainland, surpasses Japan's NTT Docomo (9437.T), which raised $18.4 billion in 1998, as the world's largest share sale.

ICBC's IPO was sponsored by Merrill Lynch, China International Capital Corp. (CICC), ICEA, Credit Suisse (CSGN.VX) and Deutsche Bank (DBKGn.DE). APS is proud to present an academic talk by Mr. Martin Gillott, Managing Director of Merrill Lynch Equity. We hope this can be a great opportunity for those of you interested in finance to learn more about this famous recording- breaking IPO case.

Places are very limited, please sign up by email to aps@ouaps.org.uk to reserve your place.