China’s Postal Bank Said Poised to Raise $7.4 Billion in IPO

Updated on
  • Shares said to be priced below midpoint of marketed range
  • Postal Bank IPO is largest since Alibaba’s 2014 offering

Cyclists ride past a Postal Savings Bank of China Co. branch in Shanghai, China, on Monday, July 4, 2016.

Photographer: Qilai Shen/Bloomberg

Postal Savings Bank of China Co. is poised to raise $7.4 billion in a Hong Kong initial public offering that will be the world’s biggest first-time share sale this year, according to people familiar with the matter.

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