Shares in mainland China’s biggest initial public offering in more than four years received a lukewarm reception from traders as souring sentiment towards the country’s banking sector weighed on the debut of Postal Savings Bank of China.
The rise of 2 per cent yesterday in a market where double-digit gains on day one of an IPO are typical followed signs of a dearth of demand for the offering, which raised Rmb28.45bn ($4bn) and could ultimately bring in Rmb32.7bn if a greenshoe option — an additional allotment of shares — is exercised.
Listings in Shanghai and Shenzhen rise 44 per cent on average on their first day, according to Dealogic data, in line with the maximum rise permitted during a debut trading session.
您已阅读28%（720字），剩余72%（1853字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。