Despite pricing its IPO near the bottom of expectations, Postal Savings Bank of China has raised over HK$57.6B ($7.4B), valuing its 12.1B shares at HK$4.76 each. It is the world’s largest IPO this year and the biggest since Alibaba’s (NYSE:BABA) $25B listing two years ago. Shares are due to start trading on the Hong Kong stock exchange on Sept. 28.
