You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #51: Chinese IPOs fail to live up to hype (EIGHT (%) ISN'T ENOUGH) [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-25-10 12:57 PM
Response to Reply #15
51. Chinese IPOs fail to live up to hype (EIGHT (%) ISN'T ENOUGH)

Chinese IPOs are turning into Wall Street's version of fireworks: They go up in a fantastic spectacle, then fizzle and fall to earth.

Initial public offerings of Chinese companies have been all the rage in the U.S. this year, and are accounting for roughly a quarter of all the year's deals. Investors have piled in, pushing the value of most Chinese IPOs up on their first days of trading.

But Chinese IPOs are crashing almost as dramatically. Consider that the year's 40 Chinese companies to go public in the U.S. are:

Lagging the U.S. stock market. Chinese IPOs are up 8.1% on average from their first-day closing prices, say data from Renaissance Capital and Standard & Poor's Capital IQ. That means Chinese IPOs are lagging the 12.9% gain by the Standard & Poor's 500 and 18.1% for all IPOs.

Posting losses more times than not. Nearly half the year's Chinese IPOs, 22, are down from their first-day close, the price at which most individual investors would have had a chance to buy in. And 19 of 2010's Chinese deals are below their actual IPO prices.

Relying on a few success stories. Chinese IPOs' performance is even worse if you look past the two that have been big winners, HiSoft, up 184%, and Camelot Information, up 130%. Chinese IPOs are down 2.6% on a median basis, which factors out the effect of extreme returns...
Printer Friendly | Permalink |  | Top
  -"License to Weekend" Economists December 25-27, 2010 Demeter  Dec-25-10 07:53 AM   #0 
  - Looks like a Bunch of Men in Black Up There  Demeter   Dec-25-10 07:55 AM   #1 
  - First rec  burf   Dec-25-10 08:03 AM   #2 
  - Thanks, Burf!  Demeter   Dec-25-10 08:09 AM   #4 
  - THIS IS RIOTOUS! JAMES BOND'S THEME (DID YOU KNOW IT HAD WORDS?)  Demeter   Dec-25-10 10:48 AM   #21 
  - EACH FILM FEATURED A THEME SONG OF ITS OWN, TOO  Demeter   Dec-25-10 11:09 AM   #30 
  - MORE THEME SONGS  Demeter   Dec-25-10 11:35 AM   #32 
  - BOND, JAMES BOND From Wikipedia  Demeter   Dec-25-10 11:48 AM   #36 
  - Aston Martin in talks to build new Maybachs  Demeter   Dec-25-10 11:00 AM   #29 
  - Last weekend we lost 6 more banks  Demeter   Dec-25-10 08:08 AM   #3 
  - Georgia banks?  hamerfan   Dec-25-10 08:30 AM   #6 
  - Both  Demeter   Dec-25-10 09:58 AM   #9 
  - Six regional banks repay Tarp funds  Demeter   Dec-25-10 11:15 AM   #31 
  - recommend -- merry christmas! nt  xchrom   Dec-25-10 08:28 AM   #5 
  - It seems the news is now  burf   Dec-25-10 08:38 AM   #7 
  - Local TV news here  hamerfan   Dec-25-10 09:15 AM   #8 
  - Reality check  Po_d Mainiac   Dec-25-10 06:12 PM   #68 
  - US embassy cables: Mervyn King says in March 2008 bailout fund needed  Demeter   Dec-25-10 10:02 AM   #10 
  - Put Your Christmas Cheer Here  Demeter   Dec-25-10 10:17 AM   #11 
  - Dilbert and Dogbert Gift Exchange  Demeter   Dec-25-10 10:24 AM   #14 
  - Want a Real Hero? Suffer the Little Children By CHARLES M. BLOW  Demeter   Dec-25-10 10:18 AM   #12 
  - Ernst & Young Cuomo Initiates Settlement Talks With Filing  Demeter   Dec-25-10 10:21 AM   #13 
  - China raises interest rates  Demeter   Dec-25-10 10:41 AM   #15 
  - Chinese IPOs fail to live up to hype (EIGHT (%) ISN'T ENOUGH)  Demeter   Dec-25-10 12:57 PM   #51 
     - China reportedly sees trade surplus narrowing  Demeter   Dec-25-10 01:00 PM   #53 
  - Investor rush for Facebook and Twitter  Demeter   Dec-25-10 10:42 AM   #16 
  - Equities rally points to 2011 cheer  Demeter   Dec-25-10 10:43 AM   #17 
  - BATS and Chi-X Europe in exclusive talks  Demeter   Dec-25-10 10:44 AM   #18 
  - GE to set aside $500m for river clean-up  Demeter   Dec-25-10 10:46 AM   #19 
  - Dublin injects 3.7bn into Allied Irish  Demeter   Dec-25-10 10:46 AM   #20 
  - Anglo Irish Bank wins restructuring support  Demeter   Dec-25-10 12:40 PM   #45 
     - Irish developers still living the high life  Demeter   Dec-25-10 05:04 PM   #66 
  - Dublin injects 3.7bn into Allied Irish  Demeter   Dec-25-10 10:50 AM   #22 
  - Fitch lowers Portugals credit rating  Demeter   Dec-25-10 10:52 AM   #23 
  - EU's Rehn says markets too pessimistic on Portugal, Spain  Demeter   Dec-25-10 01:01 PM   #54 
  - Claims for jobless benefits fall in US  Demeter   Dec-25-10 10:53 AM   #24 
  - AND YET--Slow US growth highlights fragility  Demeter   Dec-25-10 11:37 AM   #33 
     - To paraphrase a Hollywood truism.....  AnneD   Dec-26-10 06:58 PM   #80 
  - Buffetts ideas on giving find favour  Demeter   Dec-25-10 10:54 AM   #25 
  - Wall Street poised for earnings hit  Demeter   Dec-25-10 10:56 AM   #26 
  - Google buys New York office building  Demeter   Dec-25-10 10:57 AM   #27 
  - Calpers pushes Apple over directors  Demeter   Dec-25-10 10:58 AM   #28 
  - German business boosted by easier credit  Demeter   Dec-25-10 11:38 AM   #34 
  - Deutsche Bank agrees to US justice deal  Demeter   Dec-25-10 12:36 PM   #41 
     - Deutsche Bank pays half a billion to escape US tax probe  Demeter   Dec-25-10 05:01 PM   #65 
  - Spains solar power subsidy cuts attacked  Demeter   Dec-25-10 11:40 AM   #35 
  - China extends help to tackle euro crisis  Demeter   Dec-25-10 12:33 PM   #37 
  - Fed extends central bank swap lines  Demeter   Dec-25-10 12:36 PM   #40 
  - Chinas State Grid in Brazil push  Demeter   Dec-25-10 12:38 PM   #43 
  - Fresh humiliation for eurozone as China says it will bail out debt-ridden nations  Demeter   Dec-25-10 04:53 PM   #62 
  - Bank of Moscow in embezzlement probe  Demeter   Dec-25-10 12:34 PM   #38 
  - Medvedev joins scramble for India trade  Demeter   Dec-25-10 12:35 PM   #39 
  - Emerging markets deals lead 16% rise in M&A  Demeter   Dec-25-10 12:37 PM   #42 
  - Trafigura net income falls as oil trading hit  Demeter   Dec-25-10 12:38 PM   #44 
  - Denmark Gives Away $7B USD, or 2% of GDP to Carbon Credit Traders  Demeter   Dec-25-10 12:48 PM   #46 
  - A Cheery Holiday Message from Bankster: Death Eaters on Wall Street  Demeter   Dec-25-10 12:50 PM   #47 
  - Federal Reserve Blocks New Foreclosure Regulations  Demeter   Dec-25-10 12:51 PM   #48 
  - We Are Now Paying for the Destruction of the US Dollar and Economy Literally  Demeter   Dec-25-10 12:53 PM   #49 
     - I'm thinking  some guy   Dec-25-10 04:29 PM   #61 
        - Wouldn't that be loverly?  Demeter   Dec-25-10 04:58 PM   #64 
  - Pentagons Christmas Present: Largest Military Budget Since World War II  Demeter   Dec-25-10 12:55 PM   #50 
  - ARABIC COMMON MARKET? GCC monetary council to create executive body  Demeter   Dec-25-10 12:59 PM   #52 
  - VIDEO STORE  Demeter   Dec-25-10 02:32 PM   #55 
  - The JP Morgue Whistleblowers Are Back  Demeter   Dec-25-10 02:53 PM   #56 
  - WikiLeaks Vs. The Banks VIDEO  Demeter   Dec-25-10 03:01 PM   #57 
  - I NEED A HERO  Demeter   Dec-25-10 03:26 PM   #58 
  - Why do I have to do all the Cooking Around Here?  Demeter   Dec-25-10 05:43 PM   #67 
  - THE BOND FILM FRANCHISE  Demeter   Dec-25-10 03:29 PM   #59 
  - John Locke - (1632-1704) English philosopher and political theorist  Demeter   Dec-25-10 03:34 PM   #60 
  - Some investors fear collapse of municipal bonds across nation  Demeter   Dec-25-10 04:55 PM   #63 
  - Incompetent Economists, Not Pensions, Push Property Taxes Higher  Demeter   Dec-25-10 06:44 PM   #69 
  - A K and an R before it's too late  bread_and_roses   Dec-25-10 07:16 PM   #70 
  - Thanks  some guy   Dec-26-10 03:30 AM   #71 
  - George Soros: Economics needs fixing  Demeter   Dec-26-10 06:51 AM   #72 
  - Buy vs. Rent: An Update By DAVID LEONHARDT  Demeter   Dec-26-10 06:59 AM   #73 
  - My Holiday Wish This Year A Cooperative (Not Corporate) Economy  Demeter   Dec-26-10 07:46 AM   #74 
  - Vision: How a Better Future Is Being Made Right Now  Demeter   Dec-26-10 07:50 AM   #75 
  - WikiLeaks: US Ambassador Planned "Retaliation" Against France Over Ban on Monsanto Corn  Demeter   Dec-26-10 09:52 AM   #76 
  - SEC Describes Possible Criminal Activity in Unprosecuted Hedge Fund Case  Demeter   Dec-26-10 09:54 AM   #77 
  - African Huts Far From the Grid Glow With Renewable Power  Demeter   Dec-26-10 09:56 AM   #78 
  - Where's Daniel Craig?  DemReadingDU   Dec-26-10 06:35 PM   #79 
     - The Power Of One...  AnneD   Dec-26-10 08:22 PM   #81 

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC