Tag: Overheating

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Chinese IPOs to Reach Annual Record – Sundeep Tucker

PetroChina, worth more than $1 trillion, surged past Exxon Mobil as its shares nearly tripled in their first day of trading in Shanghai. Alibaba.com went public in Hong Kong Stock Exchange on Nov. 6th, with a market cap of $8.8 billion. The Chinese stock market, IPOs and stock prices are once again the focus of the global market. The value of mainland China’s public offerings for this year hit a record $61bn (‚Ǩ42bn, ¬£29bn) this week, leaving New York, London and Hong Kong