From Reuters:
PetroChina, the country’s largest oil and gas producer, said on Sunday it was launching an initial public offer of shares in Shanghai that may be China’s largest, raising more than US$9 billion.
Consultations with investors on pricing will start on Monday and subscriptions will be taken on Thursday and Friday. Funds will be returned to unsuccessful applicants on Oct. 30 and 31, the company said.
PetroChina did not say when it would list in Shanghai, but listings generally occur within about ten days of the completion of IPOs. [Full Text]
