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China Telecom eyes $8.4 bil Shanghai IPO, world’s biggest, in 2021

August 10, 2021
Source: japantoday.com japantoday.com
News Snapshot:
China Telecom could raise more than $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 billion), according to a filing with the Shanghai Stock Exchange on Friday. However, if an over-allotment option was exercised that would jump to 54 billion yuan ($8.4 billion), Bloomberg News said. China Telecom was delisted by the New York Stock Exchange in January along with...
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