Chinese Real Estate IPO Heads West

In the week ended October 2, two companies with exposure to the Chinese property market, China South City Holdings and Glorious Property Holdings saw their IPOs fall in price by 23% and 14.5% respectively, in their debut's on the Hong Kong Stock Exchange. It seems that just as one IPO market may be running out of steam, a revival continues across the Pacific Ocean, in another (see 'Not So Glorious Hong Kong IPO', CFW, October 5 2009).

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