China’s Postal Savings Bank launches $8.1 billion IPO: IFR

HONG KONG (Reuters) – State-owned Postal Savings Bank of China (PSBC) on Tuesday launched its up to $8.1 billion initial public offering in Hong Kong, with the vast majority of the deal covered by cornerstone investors, IFR reported. The lender, China’s largest by number of branches, is offering 12.1 billion new shares in an indicative […]