Posted inChina

China Telecom eyes an $8.4bn IPO in Shanghai

China Telecom could raise more than US$8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington’s stand-off with Beijing. The firm said it had priced its offer at 4.53 yuan per share, which would be worth 47.1 billion ($7.3 […]

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