HONG KONG (Reuters/IFR) – China Tower Corp Ltd (0788.HK) has raised $6.9 billion after pricing its initial public offering (IPO) at the bottom of an indicative range, four people close to the deal sai… (…
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China Tower raises $6.9 billion in world’s largest IPO in two years, sources say
China Tower last month set a price range of HK$1.26 to HK$1.58 for its share sale. The world’s largest telecoms tower operator sold 43.1 billion new shares, or 25 percent of enlarged share capital, at…
China Tower’s retail shares only just sell out as biggest IPO of 2018 fails to woo the public
China Tower has only just managed to sell all the shares available to the public in its Hong Kong IPO, the biggest worldwide for almost four years, according to people familiar with the deal. The…
China IPOs: Why Chinese Companies List Overseas
For many years, China’s emerging companies, especially those in the internet sector, have relied on foreign capital. Alibaba and Tencent were nurtured by overseas venture capital, and were eventually … ( read original story …)
China Tower’s IPO looks like a straightforward affair
Visitors look at the Qualcomm display area at the Mobile World Congress 2018 in Shanghai. With a 5G rollout coming and China determined to be a global leader in this field, China Tower will need…
China’s Sinochem Energy files for $2 billion Hong Kong listing
HONG KONG (Reuters) – Sinochem Energy, a unit of China’s state-owned Sinochem Group, has filed for a Hong Kong initial public offering (IPO) of about $2 billion, as the group seeks to raise capital am……
Global IPO kitty at $94.3 billion in January-June: Report
In the Asia-Pacific region, riding on a strong second quarter 2018, Japan IPO volumes declined only 5 per cent and proceeds increased 8 per cent over first half of 2017. In Greater China, despite a…
China brands to capture 54% share in global smartphone market
Chinese smartphones will capture combined market share of 54 percent in 2018 in the global smartphone market, research firm TrendForce said. This is because leading smartphone brands such as Samsung, … ( read original story…
China to Qualcomm: Don’t blame us for failed NXP deal
… tariffs — it imports far less from the U.S. than the U.S. imports from China — but it has other weapons including holding up U.S. M&A deals and business license approvals, these people say.…
China is so desperate to win its war on drugs, it’s started analyzing people’s sewage for contaminated pee
as China hopes to do in its search for drug dealers. Daniel Burgard, a chemistry professor at the University of Puget Sound in Washington state, told Business Insider: “If the city is large, there is…
Beijing Towers Over This $9 Billion IPO
China Tower Corp.’s Hong Kong IPO looks like a pretty straightforward affair. There’s a reason why fund managers and index compilers treat global peers like American Tower Corp. and Crown Castle Inter… ( read original…
Exclusive: BMW to raise prices of two U.S.-made SUV models in China
BMW’s decision to absorb much of the impact of the higher tariffs echoes an earlier move by U.S. carmaker Ford Motor Co (F.N), which said it would not increase its prices for now in an…
China Tower’s IPO gets cool retail response as trade tensions and unstable markets keep investors cautious
China Tower, the world’s biggest telecoms transmission tower operator, saw a lacklustre response from retail investors on the second day of its US$8.7 billion Hong Kong IPO, as many potential buyers t… ( read original…
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