Quanjude issued its IPO in Chinese A shares market!

Quanjude issued its IPO in Chinese A shares market!
Nov 21, 2007 01:37
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	Yesterday, Chinese oldest Peking Duck restaurant----Quanjude went public in Shenzhen Stock Exchange. Its shares started at 36.81 yuan and closed at 42.3 yuan. Compared with its issuing prices (11.39 yuan), it increased 271.4%. That means Quanjude has raised about 1.218 billion yuan. Originally, Quanjude intended to raise about 0.38 billion. To their surprise, shares went up very quickly and they has made great success in its IPO. Due to the success in its IPO, the restaurant has made about 18 multimillionaires. This reminds me of PetrolChina. After landing on Chinese A shares market, it also made a great success and become the largest listed company in the world. However, the glory is gradually disappearing. Its shares dropped 1.65 percent to 37.44 yuan on the second day of its entry in Shanghai Stock Exchange. I wonder if Quanjude will follow PetrolChina's step. What do you think? Will Quanjude continue to skyrocket or follow the same road of PetrolChina?

Nov 21, 2007 01:37

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

Yesterday, Chinese oldest Peking Duck restaurant----Quanjude went public in Shenzhen Stock Exchange. Its shares started at 36.81 yuan and closed at 42.3 yuan. Compared with its issuing prices (11.39 yuan), it increased 271.4%. That means Quanjude has raised about 1.218 billion yuan. Originally, Quanjude intended to raise about 0.38 billion. To their surprise, shares went up very quickly and they has made great success in its IPO.

Due to the success in its IPO, the restaurant has made about 18 multimillionaires. This reminds me of PetrolChina. After landing on Chinese A shares market, it also made a great success and become the largest listed company in the world. However, the glory is gradually disappearing. Its shares dropped 1.65 percent to 37.44 yuan on the second day of its entry in Shanghai Stock Exchange. I wonder if Quanjude will follow PetrolChina's step. What do you think? Will Quanjude continue to skyrocket or follow the same road of PetrolChina?

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