IPO FEVER
- From: Vol 11, Issue 4 (April 2010)
- Category: Need to know
- Region: Unspecified
- Country: China and India
- Related Companies: Chongqing Water Group, IDE Technologies, Kemira/ Kemwater, New World Holdings, Suez Environment and VA Tech (Wabag)
* The stock market recovery has sparked IPO fever. In the past month, Chongqing Water has floated on the Shanghai Stock Exchange, VA Tech Wabag has filed its prospectus for an initial public offering on the Bombay Stock Exchange, Beijing Origin is moving ahead with its IPO, while Kemira has spun off its paints division to focus on its water treatment business.
* The Chongqing Water IPO raised $510 million, but leaves 75% of the company under state control. Chongqing Water is the water and wastewater utility for 8 million people in the city of Chongqing, central China. With a total valuation of $8.5 billion, the company is the largest Chinese water pure-play available to investors.
* Suez Environnement made a killing on ...
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