Eight months after China Mobile Ltd. was booted from the New York Stock Exchange, the giant cellphone carrier made its debut in Shanghai on Wednesday after raising close to $9 billion in a blockbuster homecoming listing.

Shares of the state-owned mobile operator closed slightly above their Shanghai stock-offering price of 57.58 yuan, the equivalent of $9.06, after climbing earlier in the day.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

A Brutal Wave of Bird Flu Spotlights the Need for a Poultry Vaccine

As of last week, the fast-moving pathogen had been found in poultry…

Horrified by Horizon? Then get ready to be totally appalled by AI

As the Post Office debacle has amply demonstrated, putting blind faith into…

Ubisoft’s Valhalla Is Too Long, Too Big, and Too Repetitive

Tempted by the promise of an epic Viking saga for the ages,…

Molly White Tracks Crypto Scams. It’s Going Just Great

As cryptocurrencies rise and fall, there’s one number that just keeps going…