china-digital-tv-soars-75-on-new-york-debut

China Digital TV soars 75% on New York debut

The company prices its offering 23% above the original price range, allowing it to raise $192 million, and then achieves an outstanding debut.

By Anette Jönsson

October 07, 2007

Investors apparently believe that the Chinese, who through their hard labour over the past 10 years have created one of the fastest growing economies in the world, will spend an increasing portion of their future on the couch.

Or how else do you interpret the massive demand for the latest Chinese company to list in the US û a provider of connectivity access systems for ChinaÆs digital TV market The newcomer, China Digital TV Holding, opened an astonishing 118% above its IPO price on Friday and, after a slight downward decline, ended its first trading session up 75% at $28. And that was after the company had first lifted the original price range for its...

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