asia-cements-strong-debut-could-boost-ipo-interest

Asia Cement's strong debut could boost IPO interest

The cement company rallies 38% to become the best first-day performer among Hong Kong IPOs of reasonable size this year.
May 20, 2008
Bucking the trend of first-day losses that, with a few exceptions, has plagued most of the newcomers to the Hong Kong market this year, Asia Cement soared 38% in its trading debut yesterday. While somewhat company specific, the solid debut should send a positive signal to investors considering whether or not to subscribe to some of the other initial public offerings currently in the market and could perhaps become the trigger for a proper turnaround in the primary market.

So far, investors have been reluctant to commit money to IPOs because their previous investments were still hovering below issue price. By now, four of the five Hong Kong IPOs that were completed in...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222