Chinese Energy IPO: Prepare for the Stampede
Aggregated Source: Seeking Alpha China stocks
October 8, 2007|
Based on the extraordinary runup in both Chinese equities and energy prices this year, anticipate a frenzy of activity surrounding Shanghai's enormous IPO on Oct. 9 for China Shenhua Energy. The company has a broad array of businesses from power plants and mines to railroads, but its strength is derived from its coal business. As a result of China's insatiable appetite for energy and lack of nuclear power, coal is the country's bloodline.
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