PCCW Hong Kong IPO raises USD1.2bn, below original expectations

Hong Kong telecoms group PCCW, has raised around HKD9.3 billion (USD1.2 billion) in its initial public offering of its core telecoms business, which is being spun off into a business trust and listed on the local stock market. The amount raised by HKT Trust was below the company's original target of USD1.6 billion

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OVETEL PCCW Hong Kong IPO raises USD1.2bn, below original expectations