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China Tower set for flat Hong Kong debut after world's largest IPO in two years

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Reuters HONG KONG
Last Updated : Aug 08 2018 | 7:15 AM IST

HONG KONG (Reuters) - 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.

(Reporting by Jennifer Hughes; Editing by Anne Marie Roantree)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 08 2018 | 7:04 AM IST

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