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Article: Second Chinese firm starts trading on Prime Standard of Frankfurt Stock exchange

Article from:
Xinhua News Agency
Article date:
November 16, 2007
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Second Chinese firm starts trading on Prime Standard of Frankfurt Stock exchange

FRANKFURT, Germany, Nov. 16 (Xinhua) -- Asian Bamboo AG, a leading producer of bamboo trees and organic bamboo shoots in China, launched its debut on the Frankfurt Stock Exchange on Friday.

Asian Bamboo shares jumped to as high as 18.8 euros from its initial public offering price of 17 euros before dropping to 16.25euros at 0954 GMT in their first day of trading in Frankfurt.

The company has sold 5.6 million shares in its 15-time oversubscribed initial public offering, which raised ...

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