Stocks News
- COSCO shares double in debut
Date: 27-Jun-2007 Sources: (Shenzhen Daily)
SHARES in China COSCO Holdings more than doubled as they listed in Shanghai yesterday, after the shipping giant's US$2 billion domestic IPO attracted a record 1.629 trillion yuan (US$214 billion) in subscriptions.
The A shares in the world's fifth-biggest container ship operator opened at 15.52 yuan on the Shanghai Stock Exchange, up 83 percent from their initial public offer price and in line with market expectations. The shares then climbed further in a hectic first hour of trade to as high as 17.15 yuan, slightly more than double the IPO price, before closing at 16.38 yuan.
Sponsor Results:
