China IPO Datapoint of the Day 1 comment
March 07, 2008
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Helen Thomas keeps an eye on the China Railway IPO:
The Hong Kong retail portion of the $5.5bn dual listing was 250 times oversubscribed - representing orders worth about $58bn.
And this in a market which is far from surging: in fact, it's down more than 25% from its highs. What's more, IPO stocks seem to be doing particularly badly, with all 8 January IPOs ending the month below their offering prices.
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i don't think the chinese are particularly fond of 'news'. good for them.2008 Mar 07 09:05 AM | Link | Reply
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