AgBank mulls price range adjustment for Shanghai IPO

A narrower price range or $0.37-$0.39 per share for the Shanghai offering is likely amidst weaker demand among investors in the mainland.

Two sources with direct knowledge of the matter said Agricultural Bank of China is likely to set a lower price for the Shanghai portion of its initial public offering in comparison to $0.37-$0.45 for that in Hong Kong.

The final IPO prices in the two markets will be determined on 7 July 2010.

View the full story in Reuters.