China's IPO market undaunted by ghosts of dotcom boom and bust


  • TECH
  • Thursday, 21 May 2015

TOO HOT TO HANDLE: The tech-heavy ChiNext index has more than doubled this year making it the hottest share market in the world.

HONG KONG: China's investors are fuelling their own version of a dotcom bubble going by the meteoric rise in the shares of a newly-listed Internet video company. 

The 42-fold jump in the shares of Beijing Baofeng Technology since the company went public in March puts it well ahead of gains chalked up by rival stock listings, but it's no outlier on the Shenzhen stock exchange's start-up board ChiNext. 

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