China Mobile could raise almost $9 billion from Shanghai IPO

Having been booted out of the New York Stock Exchange, China Mobile is doing the sensible thing and offering its shares in China.
The world’s biggest mobile operator announced the move in a filing with the Hong Kong Stock Exchange today, where it’s already listed. If China Mobile sells every single share it’s making available the total amount raised will be 56 billion RMB, which converts to around $8.8 billion. That’s a serious chunk of change, much of which will presumab