SHANGHAI: Nine Chinese companies, among the first to float on China’s red-hot Nasdaq-style tech board, announced prices of their new share offers yesterday, taking advantage of investor fervour to market themselves at valuations some view as lofty.
The busy week of initial public offerings (IPOs) comes after an official announcement that the first batch of 25 companies will start trading on Shanghai’s tech-heavy STAR Market on July 22.
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