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China Tower Plans $8.7 billion Hong Kong IPO

Last updated on September 2, 2018

Chinese telecommunications tower operator China Tower is looking to open the retail book for its blockbuster IPO in Hong Kong in which it looks to raise $8.8 billion at a valuation of up to US$35 billion.

China Tower is offering 43.1 billion shares globally at a range of HK$1.26 to HK$1.58 (US$0.16 to US$0.20) each with pricing expected on August 1 and will debut on the Hong Kong exchange . . .

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