No. 2: Industrial and Commercial Bank of China – October 20, 2006
When the Industrial and Commercial Bank of China (ICBC) made its public debut on the Shanghai and Hong Kong stock markets, it managed to generate an impressive $19. 1 billion. ICBC’s recipe for success? Instead of releasing few shares at a higher price, the Chinese bank created almost 50 billion shares, which were sold for only 39 cents each.