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Tepid IPO debut for China's Postal Bank

Sep. 28, 2016 4:11 AM ETBy: Yoel Minkoff, SA News Editor1 Comment
  • It may have been the world's largest IPO in two years, but shares of Postal Savings Bank of China hit the Hong Kong market like a wet firecracker after the lender raised $7.4B, but priced the deal near the bottom of its marketing range.
  • The lukewarm start comes as investors remain cautious on the outlook for the Chinese banking industry, battling with mounting bad debts amid a slowing economy.

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