Finance: IPO frenzy continues
(China Daily HK Edition)
Updated: 2006-04-20 15:10
Two mid-sized share sales by mainland companies in Hong Kong are expected to
generate heavy market interest as retail investors bet the recent run of big
early gains by market newcomers continues.
Brokers said they expect the retail portions of initial public offerings by
Shanghai Prime Machinery and Dalian Port (PDA) Co Ltd each to be roughly 500
times covered.
Both companies have set aside 10 per cent of their IPO shares for retail
buyers.
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