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China Telecom's IPO may set a trend

August 10, 2021
Source: chinadaily.com.cn chinadaily.com.cn
News Snapshot:
A visitor experiences China Telecom's services using VR devices during an expo in Beijing. [Photo/CHINA DAILY] The A-share market will embrace more telecommunications companies now that China Telecom's A-share IPO process kicked off on the Shanghai Stock Exchange on Monday, market oracles said. China Telecom set the share price at 4.53 yuan (70 cents), and plans to issue 10.4 billion shares to raise over 47 billion yuan. But the company retained the green shoe option, which means it can allow its underwriters to sell additional shares. If this option is fully exercised, China Telecom will issue over 11.96 billion shares...
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Tags: 5G | Beijing | chairman | China | China Daily | China Mobile | China Telecom | China Unicom | Chinese | currency | finance | Hong Kong | Internet | investment | ipo | mobile | New York | Renminbi | retail | revenue | Shanghai | stock exchange | stock market | technology | Yuan

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