China Merchants Bank Replaces Merrill Lynch With JP Morgan For Its IPO

Chinese banks drops Merrill from $2 billion IPO China Merchants Bank has dropped Merrill Lynch as an underwriter to its $2 billion IPO, because the firm is already working on the Industrial and Commercial Bank of China (ICBC) IPO, according

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Chinese banks drops Merrill from $2 billion IPO China Merchants Bank has dropped Merrill Lynch as an underwriter to its $2 billion IPO, because the firm is already working on the Industrial and Commercial Bank of China (ICBC) IPO, according to reports in both the Financial Times and Reuters. JP Morgan is expected to replace Merrill as an underwriter.

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