Big IPO, small splash: China bank PSBC fails to make waves after $7.4b HK debut

Big IPO, small splash: China bank PSBC fails to make waves after $7.4b HK debut

People walk past a sign outside a branch of Postal Savings Bank of China (PSBC) in downtown Beijing, China, November 12, 2015. REUTERS/Kim Kyung-Hoon/File Photo

Postal Savings Bank of China (PSBC) made a flat debut in Hong Kong as concern over the health of China’s banking sector cast a shadow over the sprawling lender’s $7.4 billion initial public offering, the world’s biggest in two years.

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