China Galaxy Securities (CGS) raised US$1.1 billion from their IPO, about 20 per cent less than the upper limit of what they previously hoped to raise. Photo: Reuters
Doug Young
Opinion

Opinion

Doug Young

China IPOs: still not ready for prime time

Weak debuts for Galaxy Securities and Sinopec Engineering mean sentiment remains tepid for such IPOs, and could remain so through the end of 2013

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China Galaxy Securities (CGS) raised US$1.1 billion from their IPO, about 20 per cent less than the upper limit of what they previously hoped to raise. Photo: Reuters
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