PetroChina Set IPO Price Range

PetroChina announced today that it has set the price range for its Shanghai IPO at between RMB 15 ($2.00) and RMB 16.7 ($2.23) per A-share.

During price consultations held from Oct. 22 to Oct. 24, 175 institutions quoted PetroChina's A-share IPO price at between RMB 12.50 ($1.67) and RMB 25.20 ($3.36), according to the announcement, Interfax reported.