China coal miner Shenhua Energy nearly doubled on its trading
debut in Shanghai Tuesday.
The country's biggest coal miner opened at 68 yuan (US$9.05) per
share, jumping 83.83 percent from its initial price of 36.99
yuan.
The miner raised a record 66.6 billion yuan in the country's
largest domestic initial public offering.
Shenhua's 1.8 billion yuan-denominated shares attracted a record
number of IPO subscriptions and were priced at 36.99 yuan each, the
top of their indicative range.
Shenhua Energy's Hong Kong traded shares gained 1.8 percent to
45.80 Hong Kong dollars (US$5.87) yesterday.?
(Shanghai Daily October 9, 2007)
