China Tower set for flat Hong Kong debut after worlds largest IPO in two years
China Tower set for flat Hong Kong debut after worlds largest IPO in two years
China Tower Corp Ltd`s shares were poised to open flat on their debut in Hong Kong on Wednesday, as investors scrambled to obtain a piece of the world`s biggest initial public offering (IPO) in two years.
It priced its IPO last week at the bottom of an indicative range, raising $6.9 billion in the world`s biggest listing since Postal Savings Bank of China Co Ltd`s $7.63 billion Hong Kong float in 2016.
The shares were set to open flat at HK$1.26.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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