The Hong Kong and Shanghai dual deal that will break all IPO records by heaving more than US$22-billion, when adding in over-allotment shares, has been priced by the Agricultural Bank of China.

With an unveiling planned for July 15 in Shanghai, and a day later in Hong Kong, the preliminary public offering, intended at fund raising for replenishing capital, continues to face a tough after-market.

Standard Chartered Plc bank is planning to make an investment of $500 million in Agricultural Bank of China. The bank has made this announcement in the initial public offerings.

Agriculture Bank of China is looking for $20 billion in Hong Kong and Shanghai IPO. More details about the investment by Standard bank can be found on the website.

Two Middle Eastern sovereign wealth funds and Temasek Holdings have decided to spend in the Agricultural Bank of China. They have planned listing in Shanghai and Hong Kong.

It has been reported that the Kuwait Investment Authority and the Qatar Investment Authority will join the investment firm of Singapore, which are the main stake holders. However, no final commitments have done, as they are still in the process of negotiations.