China's new stocks will be a gamble for the first time in years

Jamie McKane

MyBroadband Journalist
Staff member
Super Moderator
Joined
Mar 2, 2016
Messages
5,204
China's new stocks will be a gamble for the first time in years

For the first time since 2014, China’s new stocks could go either way on their trading debut.

In the country’s volatile equity market, one thing’s been a certainty: initial public offerings are valued at no more than 23 times earnings and always pop 44 percent on their first day.

[Bloomberg]
 
Top