Shares in Bank of Communications were expected to jump 52% during their Shanghai debut, the South China Morning Post reported. Such a rise would give Bocom's A shares a 40% premium over Hong Kong-listed H-shares but would be in line with the A-shares of other Chinese banks. Bocom's shares were offered at US$1.03 (RMB7.9) and would likely surge to about US$1.56 (RMB12) according to a poll of four analysts. Bocom is the fourth largest commercial bank in China and HSBC Holdings owns 18.6%. The bank raised US$3.28 billion after the country's fourth-largest initial public offering of 3.19 billion shares. The IPO attracted a record US$188 billion in subscriptions. According to some analysts, Bocom's earnings could rise by up to 30% for the next two to three years.