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Deals Rumor Mill: Postal Savings Bank, BlackLine, UniCredit

By Benjamin Horney ( September 21, 2016, 5:59 PM EDT) -- Postal Savings Bank of China Co. has raised $7.4 billion in a Hong Kong initial public offering, Reuters reported on Wednesday, with the company's stock pricing at the low end of expectations. Reports last week had said the state-owned lender was hoping to raise as much as $8.1 billion in a listing. Cornerstone investors wound up buying most of the shares, according to Wednesday's report, while other potential investors got spooked at the notion of paying valuations higher than domestic rivals. The debut marks the world's largest IPO since Alibaba Group Holding Ltd. went public in 2014, the report added....

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