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Wednesday, June 26, 2019

Tag: China Tower

World’s biggest IPO in 2 years avoids repeat of Xiaomi flop

Beijing-based China Tower’s market value to about $28 billion, which is almost 20% below the valuation it was hoping for as recently as a couple of weeks ago.

China Tower makes muted HK debut

China Tower operates 1.9 million tower sites and had 2.8 million tenants at the end of June - it was formed in 2014 from the tower operations of China Mobile, China Telecom and China Unicom.

Hong Kong’s IPO market braces for China Tower debut after string...

China Tower Corp Ltd priced its shares at HK1.26 each to raise $6.9 billion, taking the amount raised by companies listing in Hong Kong in 2018 to $22.4 billion.

Hong Kong defies market slump with biggest-ever summer IPO haul

Companies including Xiaomi Corp. and China Tower Corp. have completed US$19.2 billion of first-time share sales initial public offerings since the beginning of June.

China Tower’s US$6.9 billion IPO world’s largest in 2 years

A government push to inject life into bloated state-owned enterprises by encouraging private capital investment, the float is also widely seen as a test of Hong Kong's IPO market.

Tim Culpan: Beijing towers over China’s next US$9 billion IPO

With a 5G rollout coming and the nation determined to be a global leader in this field, China Tower will need buckets of cash to expand.

China Tower aims to raise up to US$8.8 billion in Hong...

The company plans to sell about 25% of its enlarged share capital and is in talks with potential cornerstone investors for what would be the world's largest initial public offering (IPO) in four years.

China Tower wins approval for Hong Kong IPO of up to...

The news comes as investors and bankers were on Friday awaiting the pricing of Chinese smartphone maker Xiaomi’s initial public offering.

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