Commercial banks lining up for IPOs

The A-share market has reopened its doors to commercial banks after a regulatory halt from 2010, with 14 banks now waiting for initial public offerings.

Among these banks, five are rural commercial banks and nine are city commercial lenders. Most of them are small and medium-sized lenders whose total assets range from tens of billions of yuan to more than 1 trillion yuan ($150 billion).

Bank of Jiangsu Co Ltd, which received approval for its IPO on June 17, has announced that it will launch an online roadshow next week, as well as online and offline applications for purchasing its IPO stock, with an intended issue price of 6.27 yuan per share.