China Mobile Considers A-Share Listing After U.S. Removal
- Carrier has discussed potential local offering with advisers
- Listing could come after China Mobile was delisted in New York
Outside a China Mobile store in Shanghai in January. Shares in China Mobile were up 2.1% in pre-market trading in Hong Kong.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange under a Donald Trump-era investment ban, according to people familiar with the matter.
The state-owned firm has discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, said the people, who asked not to be identified as the discussions are private. Deliberations are at an early stage and China Mobile hasn’t decided the size and timeline of the listing, the people said.