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China Mobile plans to go public in Shanghai after trading ban in the USA

December 22, 2021
Source: broadway.me broadway.me
News Snapshot:
After being excluded from the New York Stock Exchange, China Mobile aims to float shares in Shanghai. With planned revenue equal to $8.8 billion, it will be China’s largest initial public offering in a decade. ad The basics in brief - The other two state-owned telecom groups China Telecom and China Unicom are already listed in the People’s Republic of China. The US government banned the three companies from trading shares earlier this year because it accused them of ties to the Chinese military. China Mobile said it plans to sell 845 million shares in Shanghai on Tuesday at 57.58...
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