Postal Savings Bank gets $7.4bn IPO over the line

Postal Savings Bank of China has raised HK$57.6bn ($7.4bn) from its Hong Kong IPO after pricing the shares off the bottom of the range, with allocations dragging late into Wednesday evening.

  • By John Loh
  • 21 Sep 2016


The lender sold 12.1bn primary shares at HK$4.76 apiece, near the floor of its original marketing range of HK$4.68-HK$5.18 and the low end of the revised price guidance of HK$4.76-HK$4.86.

The stock was still being allocated late into Wednesday evening, as its sheer size meant bankers needed ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

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1 Citi 7.00 39 7.60%
2 HSBC 5.95 51 6.46%
3 UBS 4.47 29 4.85%
4 BofA Securities 4.36 17 4.73%
5 JPMorgan 4.28 28 4.65%

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