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Postal Savings Bank of China is set for a mega-IPO in Hong Kong as cornerstone investors commit to take $6 billion worth of shares

2 months ago
Sky Canaves
he state-owned Postal Savings Bank of China will raise about $8 billion altogether, with an estimated $6 billion coming from a handful of investors, including a $2 billion commitment from China State Shipbuilding Corp.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.

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