Postal Savings Bank of China prices HK IPO near bottom, raises $7.4b

Postal Savings Bank of China prices HK IPO near bottom, raises $7.4b

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

State-owned Postal Savings Bank of China (PSBC) priced its Hong Kong initial public offering near the bottom of expectations, valuing the deal at $7.4 billion, IFR reported on Wednesday.

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