Hutchison Telecom: Retail greets IPO with kryptonite kiss

Hutchison Telecommunications International (HTI) priced its Hong Kong and New York Stock Exchange IPO at the bottom end of a revised range yesterday (October 7) raising a total of HK$6.99 billion ($889 million). The 1.15 billion share deal was priced at HK$6.07 per share compared to a revised range of HK$6.07 to HK$7.11 and initial range of HK$6.59 to HK$7.63.