China Merchants Securities sets IPO price range

10:48, November 09, 2009      

Email | Print | Subscribe | Comments | Forum 

China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share IPO price range between 26 yuan and 31 yuan.

The Guangdong-based brokerage is scheduled to issue no more than 358.5 million shares, it said in a statement to the Shanghai Stock Exchange Monday.

The IPO price translates into a price to earnings ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company.

Source:Xinhua
  • Do you have anything to say?
Special Coverage
  • President Hu visits Malaysia, Singapore, attends APEC summit
Major headlines
Editor's Pick
Most Popular
Hot Forum Dicussion