News Snapshot:
Mobile users in Houhai, China Getty Images China’s largest public share offering in a decade took place Wednesday when China Mobile raised 48.7 billion yuan ($7.64 billion) on the Shanghai market, in an operation closely scrutinized by analysts. Shares in the world’s largest mobile operator by the number of customers soared more than 9% above the offer price in early trading, before finishing the session up 0.5%. The Shanghai composite index fell 1% Wednesday. China Mobile ‘s (ticker HK: 941) Hong Kong-listed shares rose more than 3%, boosted by an announcement that it planned to buy back nearly $13 billion...
