RSS feedChina Railway
’Top HK IPOs now below offer prices
Eight of the companies involved in Hong Kong’s top 10 IPOs since the start of 2007 have fallen below their offer prices due to the recent sell-off, despite a late rebound of the stock market on Tuesday.
China Railway proves popular but will it stay that way?
The Chinese markets are back to doing what they do best – producing insane IPO stats. But the return to form may be brief.
China Railway Construction has triumphed in the popularity stakes, as the most-oversubscribed Hong Kong listing – ever.
China Railway IPO may buck trend
The Hong Kong retail portion of China Railway Construction’s IPO was at least 250 times oversubscribed by Wednesday’s deadline, said people close to the deal. The flotation is being closely watched as an indication of the appetite for IPOs in the two financial centres.
China rail firms win $11bn bids
China Railway Construction Corp and China Railway Group Ltd 601390.SS are among four domestic companies that have won bids for more than Rmb80bn ($11bn) worth of construction contracts for a Beijing-Shanghai high-speed railway,
China Railway allays fears for mainland stocks
The strong IPO performance of China Railway Group shares, which jumped 69% per cent on their first trading day in Shanghai on Monday, allayed fears about an imminent collapse in this year’s $90bn boom in Chinese company listings.
China Railway leaps 56% in debut
Shares of China Railway jumped 56% in their debut in Shanghai on Monday, opening at Rmb7.5 versus their IPO price of Rmb4.8, valuing the company at nearly $22bn. The local currency A-shares were boosted by China Railway’s near monopoly of China’s expanding railway construction sector.