IPO Analysis: Agria's Valuation Seems Way Off
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
November 12, 2007|
On October 29, Bill Simpson wrote an analysis of Agria Corporation (GRO). The company priced its initial public offering of 17,150,000 American Depositary Shares (ADSs) at $16.50 per ADS. November 7 the stock fell 26.9 percent in its market debut. It closed November 9 at $12.70.
The text of Mr. Simpson's original writeup follows:
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