SHANGHAI :
Beijing-Shanghai High-Speed Railway IPO Proves More Popular Than Postal Savings Bank's
Tang Shihua
DATE:  Jan 07 2020
/ SOURCE:  yicai
Beijing-Shanghai High-Speed Railway IPO Proves More Popular Than Postal Savings Bank's Beijing-Shanghai High-Speed Railway IPO Proves More Popular Than Postal Savings Bank's

(Yicai Global) Jan. 7 -- Beijing-Shanghai High-Speed Railway's initial public offering has been oversubscribed more than that of Postal Savings Bank of China, which in December conducted the Chinese mainland's biggest listing in four years.

Online and offline investors have oversubscribed to China's most profitable railway operator's listing 127 times, suggesting high hopes for its post-listing price, according to the latest data from the Shanghai Stock Exchange. Postal Savings Bank's CNY32.7 billion (USD4.7 billion) IPO was oversubscribed 79 times. 

Beijing-Shanghai High-Speed Railway plans to issue nearly 6.3 billion shares, of 12.8 percent of its total capital after the issue, at a share price of CNY4.88 (70 US cents) to raise CNY30.7 billion -- making it one of Shanghai's biggest listings in recent years.

Follow Yicai Global on
Keywords:   IPO,High Speed Rail,Beijing-Shanghai High Speed Railway