Postal Savings Bank of China delivers IPO

First class stamp for China; second class outcome for institutional investors from world's biggest IPO of the year.
A valuable package?
A valuable package?

Postal Savings Bank of China (PSBC) completed the world's largest flotation in two years on Wednesday, raising HK$57.62 billion ($7.43 billion) from a Hong Kong Stock Exchange listing that priced just off the bottom of its indicative range.

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