PetroChina’s IPO Raises $9 Billion

PetroChina’s initial public offering (IPO) on the Shanghai stock exchange at the end of October raised Rmb66.8 billion ($9 billion), making it China’s largest IPO. PetroChina offered 4 billion shares, equivalent to just under 2.2% of the company’s enlarged share capital. PetroChina is also listed on Hong Kong and New York...

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