The A shares were priced at the top of an indicative range of 7.60 to 8.48 yuan, but were still at a sharp discount to the HK$10.88 last traded price of the company's Hong Kong-listed H shares.

China COSCO raised 15.1 billion yuan ($2 billion) by selling 1.784 billion A shares, or 20 percent of its expanded share capital.

Thirty percent of the shares went to strategic investors, 20 percent to institutions and 50 percent to retail investors after the retail portion of the offer was expanded because of the strong demand. ($1 = 7.62)