Category Archives: Daily Top Ten

Daily Top Ten – September 28, 2016

1. World’s Biggest IPO Opens at Low End of Range with Book of “Cornerstone Investors.”

It may have been the world’s largest IPO in two years, but shares of Postal Savings Bank of China hit the Hong Kong market like a wet firecracker after the lender raised $7.4B, but priced the deal near the bottom of its marketing range. The lukewarm start comes as investors remain cautious on the outlook for the Chinese banking industry, battling with mounting bad debts amid a slowing economy.

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