China Mobile to make Shanghai exchange debut

0 Comment(s)Print E-mail China Daily, January 4, 2022
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A visitor takes a photo at China Mobile's 5G booth during an expo in Shanghai. [Photo/CHINA DAILY]

China Mobile said it will debut on the Shanghai Stock Exchange on Wednesday, which is expected to be the largest initial public offering on the A-share market in the past 10 years.

China Mobile said earlier it wants to raise as much as 55.3 billion yuan ($8.7 billion) on the Shanghai stock exchange.

In a filing to the Hong Kong stock exchange, where its stock also trades, the company said earlier it planned to issue its new shares for 57.58 yuan apiece.

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