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China Mobile exercises greenshoe option amid high demand for Shanghai offering – MarketWatch

December 26, 2021
Source: tech4mag.com tech4mag.com
News Snapshot:
[vivo launches Y21 with extended RAM and bigger battery – Daily Pakistan Global] 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. China Mobile [941, +1.93%](/investing/stock/941?countryCode=HK&mod=MW_story_quote) said on Friday that online orders for its share sale were over 1000 times oversubscribed and all overallotment shares were...
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