Bank Of China's Share Get Listed At 29.5% Premium

Bank of China’s sharers listed on the Shanghai Stock Exchange on Wednesday at a premium to the issue price, Xinhua news agency reports. The bank’s shares began trading at 3.99 yuan (US$0.50), 29.5% higher than the initial public offering price of 3.08 yuan (US$0.39). Bank of China had appointed China Galaxy, CITIC and Guotai Junan as underwriters for the IPO. The Bank of China is one of the four large state owned banks.