Jewelry firm IPO sparkles on debut
By Hui Ching-hoo (China Daily)
Updated: 2007-04-19 09:51
Hong Kong-based jeweler Noble Jewelry Holdings witnessed a fairly remarkable performance in its IPO debut on Tuesday, which bodes well for latecomers such as Country Garden and China CITIC Bank.
Shares of the jewelry producer began to trade in Hong Kong on Tuesday, just days ahead of the two mega IPOs. And on the first day of trading, they gained 6.67 per cent over the offer price to close at HK$1.6.
Noble gained 5.33 per cent to reach HK$1.58 in the opening session. The momentum continued in the afternoon, when the share peaked at HK$1.8, before finally settling at HK$1.6. Some 53.36 million shares changed hands, involving a transaction of HK$88.72 million. Read more about Jewelry firm IPO sparkles on debut …