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The share sale was made ahead of ICBC's $21 . 9 billion IPO in October of that year.

The current record of $21 . 9 billion is held by another of China's Big Four banks, Industrial and Commercial Bank of China.

Agricultural Bank's listing is set to exceed the record $21 . 9bn that Industrial and Commercial Bank of China raised in 2006.

When follow-on placements are exercised , ICBC's take is on course to rise to $21 . 9bn for the 17 per cent stake being sold.

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