Daqin Railway Co., the operator of China's biggest coal transport network, raised 15 billion yuan in the nation's second-largest initial share sale, Bloomberg reported. Daqin will sell 3.03 billion shares to investors at 4.95 yuan a share, near the top of the range it announced on July 18, the company, said Bloomberg, citing the company’s statement released today. The initial public offering brings China's domestic share sales to 38 billion yuan this year, almost seven times the amount raised in 2005, signaling a recovery in demand for stocks after the benchmark Shanghai index ended a five-year losing streak. A one-year ban on domestic sales that forced companies to go public overseas was lifted by China in May, to draw more of the country's $1.9 trillion of household savings into equities, wrote Bloomberg. Established in October 2004, Daqin transported more than 90 percent of coal produced in the country's major coal mine areas in northern Shanxi and western Inner Mongolia between 2003 and 2005. Freight traffic on China's railway network has increased by more than 60 percent since 1990, according to the World Bank.