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$8.1B IPO readied by Postal Savings Bank of China

In what could be the world’s biggest initial public offering this year, Postal Savings Bank of China is getting ready to sell up to $8.1 billion worth of shares in Hong Kong, according to terms for the deal obtained by Bloomberg. The bank already has commitments from cornerstone investors, who have agreed to buy $5.9 billion of the shares and hold them for six months.

Bloomberg (13 Sep.),