Postal Savings Bank shares make flat debut

Postal Savings Bank shares make flat debut
 

Shares in China's Postal Savings Bank opened little changed as they made their trading debut in Hong Kong.
The $7.4bn (£5.7bn) share sale is the world's biggest initial public offering (IPO) since Chinese internet giant Alibaba floated in New York in 2014.
PSBC is China's fifth largest lender and the last of the country's big banks to list its shares.
But the first day of trading, its shares stood at 4.77 Hong Kong dollars, just above its IPO price of HK$4.76.
Analysts had expected a muted response because of the glut of Chinese bank stocks already in the market.
In addition, investors are... read more

 
28 September 2016 in Business, Views: 36
Source: BBC
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