When outlandish stock market events of 2009 are tallied up, the initial public offering in Hong Kong of Chinese herbal shampoo maker Bawang International will be a standout. Within 10 minutes of the June 22 opening of the subscription period for shares, one local brokerage, Bright Smart Securities, was swamped with the equivalent of $129 million in orders
One of the world’s hottest spots for raising capital is back in business. Ten months after halting initial public offerings, or flotations, on Chinese bourses, the government has cleared the way for Guilin Sanjin Pharmaceutical, a maker of traditional Chinese medicines, to list on the Shenzhen exchange. The company plans to raise $133 million with the IPO, which offered subscriptions to retail investors Monday
Wall Street’s number crunchers are happy. Stock technicians, who use mathematical formulas as well as charts and historical data to figure out where share prices are headed, believe the market’s rally that started in early March, and has pushed stocks up 36% in less than two months, is here to stay. They say stocks will rise another 10%, before the market stalls.
When you’re eight months pregnant, it’s hard to find a good interview suit. But a burgeoning belly didn’t stop Nicole Young, 33, from hitting the job circuit this fall. Her husband, who works on the floor of the New York Stock Exchange, has seen his income shrink along with the Dow