China Netcom fixes IPO price

Attractive valuation pays off with large order book.

Chinese fixed line operator China Netcom priced its Hong Kong and New York IPO just above the mid point of the range yesterday November 10 raising HK$8.87 billion $1.14 billion from the deal pre greenshoe. Thanks to a recent uptick in the share price of China Telecom, the IPO valuation started to appear extremely attractive in the last few days of the bookbuilding process resulting in a very strong institutional order book of $16 billion.


To continue reading, please login or register for free

Click for more on: china | netcom | fixes | ipo | price

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...