The first initial public offering on the Chinese mainland since the government lifted a one-year ban on listings closed 481 times oversubscribed attracting over $26bn (€20.4bn) of demand.

The 12 million shares offered in Chinese engineering company CAMC Engineering to institutional investors attracted orders for 1.26 billion shares, while the 48 million shares offered to retail investors got orders from 1.1 million individuals, according to Bloomberg.