China Telecom debuts in Shanghai as world’s largest IPO of 2021 ...News

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China Telecom debuts in Shanghai as world’s largest IPO of 2021
Shares of China’s second largest mobile operator, China Telecom, surged as much as 44% over the offer price of 4.53 yuan, as the company made its stock market debut on Friday. China Telecom listed more than 11.9 billion shares, according to a posting on the company’s website. The company raised 54.2 billion yuan ($8.36 billion) on the first day of its listing on the Shanghai Stock Exchange, exceeding expectations by around 12%. The stock was trading 16.34% higher at 5.27 yuan per share. Also on rt.com China to host world’s two largest IPOs of the year Th

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