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UPDATE 1-China Tower raises $6.9 bln in world's largest IPO in two years -sources [Reuters (UK)]

CHINA MOBILE (CHL) 
US:NYSE Investor Relations: chinamobileltd.com/en/ir/reports.php
Company Research Source: Reuters
China Tower raises $6.9 billion in world's largest IPO in two years: sources | Reuters 4 Min Read HONG KONG (Reuters/IFR) - China Tower Corp Ltd ( 0788.HK ) 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. The world’s largest telecoms tower operator sold 43.1 billion new shares, or 25 percent of enlarged share capital, at HK$1.26 ($0.1605) each, valuing the firm at about $28 billion, the people told Reuters. The top of the range was HK$1.58. The float is widely seen as a test of Hong Kong's IPO market as investors consider several large deals at time when the benchmark Hang Seng Index .HSI down about 14 percent from its January peak. It also comes as China’s economy has begun to lose growth momentum this year amid a government push to reduce debt and an escalating trade conflict with the United States. China Tower declined to comm Show less Read more
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