APER - An IPO of Two Enterprises

Category: Alternative Assets

Country or region: China

Key Points: o IPO of Postal Savings Bank of China (‘PSBC’) is the largest since Alibaba was listed in 2014; o The two IPOs are sharply different: a. US$7.4 bn raised by PSBC is a third of the US$25 bn raised by Alibaba; b. 77% of the amount raised by PSBC has been subscribed ......

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