Xinyuan Real Estate IPO Analysis: Poised for a Strong 2008
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
December 16, 2007|
On December 7, Bill Simpson wrote an analysis of Xinyuan Real Estate (XIN). The company raised $245 million with an initial public offering December 12 that priced within expectations. The 17.5 million offering of American depositary shares sold for $14 compared with a forecast range of $13 to $15. December 14 the stock closed at $15.40.
The text of Mr. Simpson's original writeup follows:
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