A splash on debut
By Ding Yining |
March 10, 2012, Saturday
|
Print Edition
Print Edition
CHINA Communications Construction, the country's largest builder of ports, roads and bridges, advanced 23.3 percent on its debut on the Shanghai Stock Exchange yesterday after raising 5 billion yuan (US$793 million) in an initial public offering.
The stock opened at 6.99 yuan, a 29.4 percent jump from the 5.40 yuan offering price. The company closed at 6.66 yuan.
Last month, the company set its offering price at 10.43 times that of its 2010 earnings, the lowest price/earnings ratio level since IPOs resumed on the domestic stock market in 2009.
The stock opened at 6.99 yuan, a 29.4 percent jump from the 5.40 yuan offering price. The company closed at 6.66 yuan.
Last month, the company set its offering price at 10.43 times that of its 2010 earnings, the lowest price/earnings ratio level since IPOs resumed on the domestic stock market in 2009.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
