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English > Finance > Finance-newsbrief>First 10 Firms Listed on GEM Freeze 784 Bln Yuan

First 10 Firms Listed on GEM Freeze 784 Bln Yuan

09-29 18:45 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-09-29/110268335.html

» The first 10 firms to launch initial public offerings on the Growth Enterprise Market froze a combined 784.1 billion yuan following their share subscriptions, according to statements released by the companies on Sept. 29.
» Individual investors and managed funds are wary of GEM shares because of the inherent risk in smaller companies and the main board's recent weakness, analysts said.
» The ten IPOs were on average 128.2 times subscribed, compared to the average subscription level of 434.8 times for IPOs on the small- and medium-sized enterprise board after China resumed IPOs in July.
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