with BOC float, it's not who is subscribing but who isn't
Who doesn't want a piece of China's most famous bank?
As the world's largest initial public offering in five years, the Bank of China has attracted more than one million Hong Kong subscribers.
Amazing statistics but how many is one million people? To give it some context, it is about half the number of investment adults in Hong Kong and twice the number of protesters on July 1, 2003.
It has the highest number of subscribers on record, dwarfing the previous record made by MTR Corp of 602,000. It also knocks the Link Reit into a cocked hat at 503,000 for the first, collapsed round and 232,000 the second time around and is almost triple the BOC (Hong Kong) subscription at 385,000.
Of course, the hope among investors is that it will follow the likes of China Life, Ping An Insurance and Bank of Communications who this year doubled their share prices after listing.