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IPO

IPO

City Telecom offer popular

PUBLISHED : Wednesday, 30 July, 1997, 12:00am
UPDATED : Wednesday, 30 July, 1997, 12:00am

Discounted long-distance call provider City Telecom (Hong Kong) said its initial public offering has been 2.8 times oversubscribed. City Telecom is raising $180 million through the issue of 100 million new shares at an offer price of $1.80 per share.