China Tower raises $6.9b in world’s largest IPO in two years

Residential and commercial buildings are seen from Victoria Peak in Hong Kong, China, on Monday, Sept. 11, 2017. Photographer: Billy H.C. Kwok/Bloomberg Photo by Bloomberg

China Tower Corp Ltd 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 said on Wednesday, in the world’s biggest listing in two years.

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