China Tower set for flat Hong Kong debut after world's largest IPO in two years

Reuters  |  HONG KONG 

HONG KONG (Reuters) - China Ltd's <0788.HK> shares were poised to open flat on their debut in Hong Kong on Wednesday, as investors scrambled to obtain a piece of the world's biggest (IPO) in two years.

It priced its IPO last week at the bottom of an indicative range, raising $6.9 billion in the world's biggest listing since Postal Savings Co Ltd's <1658.HK> $7.63 billion Hong Kong float in 2016.

The shares were set to open flat at HK$1.26.

(Reporting by Jennifer Hughes; Editing by Anne Marie Roantree)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 07:04 IST