ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Markets

China Mobile ends first day on Shanghai market almost flat

Moves to boost odds of triumphal domestic debut fall short

HONG KONG -- Shares of China Mobile ended their first day of trading on the domestic market nearly flat in a disappointing conclusion to what could still be the biggest domestic listing in more than a decade.

After being forced off the New York Stock Exchange in May, the world's biggest telecom operator in terms of subscribers raised 48.7 billion yuan ($7.6 billion) by selling new shares in Shanghai at 57.58 yuan.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more