China's Postal Savings Bank sets $15 bln IPO in motion: Reuters
Postal Savings Bank of China (PSBC) has invited investment banks to pitch for a Hong Kong IPO worth up to US$15 billion, a source told Reuters, setting the ball rolling for what is likely to be the world's biggest listing this year. The move follows PSBC's raise in December of US$7 billion from a group of private investors, including Canada Pension Plan Investment Board.
19 January 2016•2 mins read
