China Unicom

China Unicom is a state-owned telecom operator in China. China Unicom is ranked as the world’s third-biggest mobile provider. 

Tong Jilu, chairman, China Tower, at the company’s listing ceremony in Hong Kong on August 8. Photo: Edward Wong

World’s largest IPO debuts on Hong Kong exchange with a whimper

China Tower, the US$6.9 billion stock sale that has been hogging headlines as the world’s largest initial public offering (IPO) of 2018, opened with a whimper in Hong Kong, extending the trend of lacklustre debuts as investors appear to have grown tired of blockbuster stock sales.