News Snapshot:
China Telecom is planning a $8.4 billion Shanghai IPO in 2021, which would be the world’s largest. China Telecom could raise more than $8 billion in a Shanghai initial public offering, which would be the largest this year, just months after it was delisted in the US due to the US-China trade war. According to a filing with the Shanghai Stock Exchange on Friday, the company stated it had priced their offer at 4.53 yuan per share, which would be worth 47.1 billion yuan ($7.3 billion). Bloomberg News said that if an over-allotment option was used, the total would rise...