Wan Says Agricultural Bank IPO Pricing `Very Attractive': Video

June 29 (Bloomberg) -- Lewis Wan, chief investment officer at Pride Investments Group Ltd., talks...  More »

June 29 (Bloomberg) -- Lewis Wan, chief investment officer at Pride Investments Group Ltd., talks with Bloomberg's Rishaad Salamat about Agricultural Bank of China Ltd.'s planned initial public offering and the outlook for China's banking industry. Agricultural Bank set a price range for the Shanghai part of its initial public offering that will allow it to raise as much as $20.1 billion, according to a company statement. The Beijing-based bank may offer 22.2 billion shares in Shanghai at 2.52 yuan to 2.68 yuan apiece, it said. Agricultural Bank last week priced shares in the Hong Kong part of its IPO at HK$2.88 to HK$3.48 each. Wan, speaking in Hong Kong, also discusses China's economy and stocks. (Source: Bloomberg)  « Less