China Unicom launches retail tranche of IPO

The Hong Kong public can begin subscribing today for shares in China Unicom, the mainland''s second-biggest telecom company, at a price range of HK$13.66 to HK$15.84.

China Unicom has set an indicative price range for shares in the Hong Kong public tranche of its global initial public offering at HK$13.66 to $15.84 and increased the range for the institutional tranche by 10% to between HK$13.80 and $16, reflecting stronger-than-expected demand from investors.

The retail tranche is part of a worldwide offering in which China's second biggest telecom company plans to list 2.46 billion shares, or 25% of the enlarged...

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