Investors came in herds to get in ...

Investors came in herds to get in on the initial public offering of China's largest life insurer, overwhelming the subscription allotment and leading the company to price its stock at the high conclusion of its advertised range.

China Life Insurance Co Ltd priced its IPO shares at HK$3625 an amount that would generate as a great deal of as US$3.47 billion when the insurer's stock hit the markets in novel York and Hong Kong in mid-December. According to People's Daily, the Chinese government's official newspaper, the institutional tranche of the offering was oversubscribed on more than 15 times, with