China Everbright Bank IPO raises $3.2 billion after greenshoe

SHANGHAI Thu Sep 16, 2010 8:49pm EDT

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SHANGHAI (Reuters) - China Everbright Bank (601818.SS) said on Friday its initial public offering had been upsized to 21.7 billion yuan ($3.23 billion) after it exercised a "greenshoe" or overallotment option in the stock offer.

The mid-sized bank sold an additional 900 million shares at 3.10 yuan a share on Sept 16 via the overallotment option, it said in a stock exchange filing.

Everbright Bank started trading on the Shanghai Stock Exchange Aug 18 after completing China's second-biggest IPO so far this year.

($1=6.724 Yuan) (Reporting by Soo Ai Peng; Editing by Jonathan Hopfner)

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