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February 05, 2007

Chongqing Iron: We Love IPO

posted by MR WAVETHEORY at 2/05/2007 02:10:00 AM
Not a day goes by without another Chinese IPO. This time, Chongqing Iron is going public.

Chongqing Iron and Steel Co. Ltd. (1053.HK: Quote, Profile , Research) said on Monday it will raise as much as 1.008 billion yuan (US$130 million) in the A share market to fund a cold-rolled strip project to help meet local demand.

The company set an indicative price range for its A-share IPO at 2.80 to 2.88 yuan per share in a 350 million A share initial public offering in Shanghai.

Jump on the band wagon my friends! Read the prospectus here "重庆钢铁股份有限公司首次公开发行股票(A股)招股意向书摘要."

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