Alternative Energy: The Morning Feedstock
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
February 28, 2008|
- Shenzhen Topray Solar hit the ground running
on its debut at the Shenzhen Stock Exchange this morning. The solar
company’s initial public offer price was pegged at RMB 10.79, but it
opened the day at RMB 51.20, hitting a high of RMB 57.00 in intraday
trading despite an analyst consensus of around RMB 45.00. Shenzhen
Topray closed the day up 378 percent at RMB 51.62, netting the company
nearly $60 million in its IPO.
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