China: construction company made a record IPO

Investors agreed with the greatest desire initial public offering of shares for the past 16 months, when U.S. Visa card operator in the supply gained $ 19.7 billion
Shares of Chinese state construction company China State Construction Engineering Corp. recorded growth of almost 60 percent in his debut on the stock exchanges of Shanghai, delivered media.
Investors agreed with the greatest desire initial public offering of shares (IPO) for the past 16 months. Securities of the largest Chinese builder of homes completed in the price of yuana 6.53 ($ 0.95), registering a growth of 56.2 percent of the price of the issue.
The highest value reached in the course of trade was 7.96 yuana – increase of 90.4%. Initial offering of the China State Construction Engineering Corp. is estimated at $ 7.3 billion
It has become a record from March 2008 onwards, when the U.S. Visa gained $ 19.7 billion to guide the company intends to use the called for funding of capital projects for the construction of housing and railways to 2012

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Finance

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