Shanghai Electric generates the right buzz

Solid if price sensitive order book may lift lifeless IPO market.
April 24, 2005

Shanghai Electric priced its 2.97 billion share IPO on Friday, raising HK$5.05 billion ($648 million) from the Credit Suisse First Boston led deal. The offering was priced at HK$1.70 per share, a quarter off the top of a HK$1.50 to HK$1.76 range.

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