Postal Savings Bank Of China Raises $7.4B With Strong State Help

banksss90999eeePostal Savings Bank of China Co. has raised US$7.4 billion in the world’s biggest initial public offering in two years, after pricing its shares at HK$4.76 apiece yesterday in Hong Kong. It is the biggest IPO globally after Alibaba Group Holding Ltd.'s US$25 billion offering in September 2014 on the New York Stock Exchange. But […]

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Read the original article: China Money Network