Postal Savings Bank Nudges Marginally Higher in First Trading Day

(Beijing) — Postal Savings Bank of China shares gained only a fraction in their first trading day in Hong Kong, even though the $7.4 billion IPO, the year's largest, received support from legendary investor George Soros.

Shares opened at HK$4.76, the same as its IPO price, and increased slightly at the close of trading to HK$4.77, bouncing back and forth in the narrow price range.