PSBC prepares year's biggest IPO

Postal Savings Bank of China, China’s largest banking by retail network, has begun gauging investor interest for its mammoth $8 billion Hong Kong listing.

Postal Savings Bank of China, the country’s largest lender by number of branches, kicked off its listing process on Monday by launching pre-deal investor education for what promises to be the world’s biggest initial public offering this year.   

The listing of PSBC, which will doubtless hog the attention of Hong Kong’s primary market in the next month or so because of the deal's size and the bank's unique role in the Chinese banking system, is expected to raise $8 billion.

That would make it the biggest IPO since Japan Post’s three-way listing in November last year and the largest deal in Hong Kong...

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