Zijin Mining soars on A-share debut
28 April 2008
Zijin Mining enjoyed the best-performing initial public offering in Shanghai so far this year as shares nearly doubled on its debut Friday, the Financial Times reported. The company's shares closed at RMB13.92 (US$1.99), a 95.2% gain on its offer price of RMB7.12 (US$1.02). The mining company appeared to benefit from a boost in the market after regulators slashed the trading tax, and its success may encourage other companies to revisit plans to list.
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