{"id":16902,"date":"2008-02-02T15:25:19","date_gmt":"2008-02-02T22:25:19","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2008\/02\/china%e2%80%99s-ipo-feeding-frenzy-leaves-sour-taste\/"},"modified":"2008-02-02T22:59:21","modified_gmt":"2008-02-03T05:59:21","slug":"china%e2%80%99s-ipo-feeding-frenzy-leaves-sour-taste","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2008\/02\/china%e2%80%99s-ipo-feeding-frenzy-leaves-sour-taste\/","title":{"rendered":"China\u2019s IPO Feeding Frenzy Leaves Sour Taste"},"content":{"rendered":"

From the Financial Times<\/a>:<\/p>\n

\nWhen PetroChina listed its shares in Shanghai<\/a> last November, the headline around the world was that PetroChina had a market capitalisation of more than $1,000bn \u2013 making it the planet\u2019s most valuable company \u2013 after the shares rose 163 per cent on the first day.<\/p>\n

Within China, however, there has been much more attention given to what happened afterwards. The shares are now nearly 50 per cent off their high, inflicting large losses on all those small investors who, overwhelmed by the enthusiasm of the moment, bought on the first day of trading.<\/p>\n

PetroChina\u2019s dismal post-IPO performance has prompted a flurry of online anger in chatrooms and blogs that investors read. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From the Financial Times: When PetroChina listed its shares in Shanghai last November, the headline around the world was that PetroChina had a market capitalisation of more than $1,000bn \u2013 making it the planet\u2019s most valuable company \u2013 after the shares rose 163 per cent on the first day. Within China, however, there has been […]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,1051],"tags":[5573,495],"class_list":["post-16902","post","type-post","status-publish","format-standard","hentry","category-economy","category-top-article","tag-ipos","tag-petrochina","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChina\u2019s IPO Feeding Frenzy Leaves Sour Taste<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/02\/china\u2019s-ipo-feeding-frenzy-leaves-sour-taste\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s IPO Feeding Frenzy Leaves Sour Taste\" \/>\n<meta property=\"og:description\" content=\"From the Financial Times: When PetroChina listed its shares in Shanghai last November, the headline around the world was that PetroChina had a market capitalisation of more than $1,000bn \u2013 making it the planet\u2019s most valuable company \u2013 after the shares rose 163 per cent on the first day. 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