Bank of Shanghai IPO set to be big

Outlook is good because the market has liquidity, but is short of good assets

The initial public offering of Bank of Shanghai Co Ltd is expected to become the largest one this year in China's A-share market, raising 10.7 billion yuan ($1.6 billion).

The city commercial bank will issue no more than 600.5 million shares and sell shares at 17.8 yuan each, it said in its prospectus to the Shanghai Stock Exchange.