China Construction Corporation, one of the largest homebuilders in China, has applied for an IPO on the Shanghai stock market.
According to the China Securities Times, the IPO is expected to raise over $6 billion, making it China’s largest IPO this year, and the fifth biggest ever.
As Americans, we aren’t allowed to buy stocks on the Shanghai Stock Exchange, but if China Construction follows the pattern of other highly successful IPOs, it won’t be long until it gets listed on the Hong Kong exchange.
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