China’s Postal Bank Prices IPO at HK$4.76 a Share, WSJ Reports

Postal Savings Bank of China Co. raised more than $7 billion, pricing its Hong Kong initial public offering at HK$4.76 per share, the Wall Street Journal reported, citing people familiar with the matter.

The price was toward the lower end of a range of HK$4.68 to HK$5.18, the newspaper reported on its website.

— With assistance by Paul Panckhurst

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