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China Mobile Boosts Share Sale to be World’s Second Largest in 2021

December 25, 2021
Source: caixinglobal.com caixinglobal.com
News Snapshot:
China Mobile Boosts Share Sale to be World’s Second Largest in 2021 (Bloomberg) — China Mobile Ltd., the country’s largest wireless carrier by revenue, is set to raise $8.78 billion from its Shanghai listing, making it the world’s second largest offering this year — thanks in part to state support. The state-run company, which was removed from the New York Stock Exchange earlier this year due to an investment ban ordered by former U.S. President Donald Trump, will exercise its over-allotment option for the offer due to strong demand from domestic retail and state investors, according to a Shanghai bourse...
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Tags: ban | Bloomberg | boycott | carrier | China | China Mobile | Donald Trump | investment | IT | listing | mobile | New York | New York Stock Exchange | president | retail | revenue | Shanghai | share | stock | stock exchange | Trump | U.S. | Wireless

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