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Dow Jones Newswires: China Mobile exercises greenshoe option amid high demand for Shanghai offering

News Snapshot:

China Mobile Ltd. has exercised the greenshoe option in its blockbuster Shanghai offering, issuing an additional 126.9 million shares amid high investor demand. The additional shares, issued at the previously-disclosed offering price of 57.58 yuan each, will bring the telco’s Shanghai listing proceeds to a total of CNY56.00 billion ($8.79 billion), making it one of the largest equity fundraisings so far this year. Get Breaking Stock Alerts China Mobile 941, +1.93% said on Friday that online orders for its share sale were over 1000 times oversubscribed and all overallotment shares were issued to online investors. The Chinese telcom giant’s domestic…

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