Caixin
BUSINESS & TECH

World’s Biggest IPO in Two Years Met With Little Excitement

China Tower Corp. Ltd.’ s management team, (from left) Deputy General Manager Gu Xiaomin, Chairman Tong Jilu, and Deputy General Manager Gao Buwen, pose during a news conference in Hong Kong on July 24.  Photo: IC
China Tower Corp. Ltd.’ s management team, (from left) Deputy General Manager Gu Xiaomin, Chairman Tong Jilu, and Deputy General Manager Gao Buwen, pose during a news conference in Hong Kong on July 24. Photo: IC

* World’s largest operator of mobile telecommunications towers raised at least HK$54.3 billion

* However, analysts say China Tower faces head winds in its bid to attract investors

(Beijing) — The world’s largest initial public offering (IPO) in two years failed to excite the market, as shares for China Tower Corp. Ltd. ended their first day at HK$1.26 (16 U.S. cents) on Wednesday, unchanged from the offering price.

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