Postal Savings Bank sizzles with $7.4bn float

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By GlobalCapital
22 Sep 2016

Postal Savings Bank of China (PSBC) made waves in the market this week, bringing its HK$57.6bn ($7.4bn) IPO in Hong Kong to a close as a third of investors were zeroed from the world’s biggest float in two years.

It was always going to be a force to be reckoned with. While PSBCC priced its shares near the low end of the marketing range on Wednesday, the listing was multiple times covered, with a balanced mix of investors including sovereign wealth funds, international long-only and

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