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English > Finance > Finance-newsbrief>Nine GEM Firms to Open IPO Subscriptions Oct. 15

Nine GEM Firms to Open IPO Subscriptions Oct. 15

10-09 12:35 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-10-08/110276190.html

» Nine firms approved to list on the soon-to-launch Growth Enterprise Market will announce their IPO prices on Oct. 13, with subscriptions opening two days later, according to prospectuses filed to the Shenzhen Stock Exchange on Oct. 9.
» About 20 percent of their respective issues will be placed with institutional investors, with the remainder available for online subscriptions, the statements said.
» It will be the second batch of firms to release their IPO prices after the initial 10 released their valuations on Sept. 25.
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