HONG KONG: In an initial public offering (IPO) frenzy that hearkens back to the dotcom days, Hong Kong punters are scrambling to buy shares in the listing of a Chinese automaker in hopes of locking in easy first-day profits.
Interest in the listing by truck and sport utility vehicle maker Great Wall Automobile Holding Co Ltd, set to make its debut in Hong Kong on Dec 15, is so intense that the company was forced to increase by four-fold the number of subscription forms available to local investors to one million.
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