CCB IPO response is lukewarm

China Construction Bank's IPO is unlikely to pull in top dollar investment from fund managers, and the response from retail investors appears to be lukewarm, the Standard reported, citing sources close to the deal. Concerns about CCB's risk management and bad debts make it unlikely the bank will price shares at the very top end of its US$0.24-US$0.30. A fund manager cited by the Standard said the official price announced tomorrow would be US$0.28.