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Chinese IPO 826 Times Oversubscribed

Tyler Durden's picture




 

 

Reuters reports (reporting by Hong Kong and Singapore newsrooms),

Shandong Shihua Shenghua Group Co Ltd says online part of Shanghai IPO attracted interest amounting to 825.91 times amount on offer.

This will end well... we are sure.

Remember when Dubai "peaked"...

 

 

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Mon, 05/25/2015 - 11:44 | 6129367 wendigo
wendigo's picture

You know, hanging around this place for a few years has so seriously warped my thinking that I don't recognize myself anymore. 

Mon, 05/25/2015 - 12:56 | 6129628 TahoeBilly2012
TahoeBilly2012's picture

My "Shandong" would be oversubscribed too if I IPO'd it. 

Mon, 05/25/2015 - 14:24 | 6129968 MonetaryApostate
MonetaryApostate's picture

*Scratches head.*  Sum Ting Wong....

Mon, 05/25/2015 - 17:33 | 6130629 max2205
max2205's picture

Sure 

 

I'll start shorting China when my IBB short starts working 

Mon, 05/25/2015 - 11:44 | 6129368 This is it
This is it's picture

CYNK-ed

Mon, 05/25/2015 - 11:50 | 6129376 Salah
Salah's picture

Manifestation of classic Chinese herding [world's biggest lemming nation] mentality.  Here's the paradox: the ChiCom hierarchy knows this.  Numerous times since Deng have they used their vast reserves to bail out the transgressors.  But each time is bigger than the previous one.

Winston Churchill: "Dictators ride to and fro on tigers they dare not dismount. And the tigers are getting hungry." 

 

Mon, 05/25/2015 - 11:52 | 6129396 KnuckleDragger-X
KnuckleDragger-X's picture

But it's shiny!!!

Mon, 05/25/2015 - 13:52 | 6129843 MonetaryApostate
MonetaryApostate's picture

Trash is often shiny too....

Mon, 05/25/2015 - 14:19 | 6129946 KnuckleDragger-X
KnuckleDragger-X's picture

Nonsense, this is a genuine chrome plated dog turd and made in America.....

Mon, 05/25/2015 - 11:47 | 6129382 random999
random999's picture

Hehe well... welcome to china!

Mon, 05/25/2015 - 11:48 | 6129385 Salah
Salah's picture

your "eyes have been opened"; now take some time off (min. 3 days in a natural setting)...everything will be all right.

Mon, 05/25/2015 - 11:58 | 6129419 Arius.
Arius.'s picture

3 days is a lifetime in todays nano world ... it will be a different world to know again by that time

Mon, 05/25/2015 - 11:49 | 6129388 SillySalesmanQu...
SillySalesmanQuestion's picture

I thought the 8 was a B until I put my readers on...

Mon, 05/25/2015 - 12:09 | 6129455 redd_green
redd_green's picture

Looks legit to me. 

Mon, 05/25/2015 - 12:09 | 6129456 jubber
jubber's picture

China A50 index up 10% in the last two days to new ATH high   was 10047 9th March now 14691...6910 Oct 27th

Mon, 05/25/2015 - 12:11 | 6129460 Dubaibanker
Dubaibanker's picture

But...but... but....the oil price went down 60%...and EUR went down over 30-40% as did AUD and CAD by 30%......but the Dubai market is still holding it there.

Above 4,500 (after doubling in 2-3 years) was indeed euphoria and NO ONE knew until 6 Oct 2014 that oil price would decline so dramatically from USD 90 on that day to USD 45, 2 months later. Previously it went almost to USD 110 in mid 2014.

Still, Dubai has held up quite well unlike shale oil guys in Calgary, Texas, North Dakota, Australia, Nigeria who are at the verge of a collapse.

Thousands have lost jobs from UK North Sea to Norway's wells while Middle East has expanded their oil sector at the same time and added more quantity to the world's oil markets and invested more $$ too.

Mon, 05/25/2015 - 12:12 | 6129466 Blopper
Blopper's picture

Last time Bitcoin went to $1200 it was also because of Chinese buying.

And crash to current price also because of Chinese banned from buying.

At 800x oversubscribed it does not show how overvalued things are.

Rather it shows the Chinese buying power is 800x beyond what is being offered.

Mon, 05/25/2015 - 12:17 | 6129485 ZoroAustrian
ZoroAustrian's picture

All of these bubbles, all around the world, if you trace them back to their origin, it's the Eccles Bldg and the infinite reserve currency machine

Mon, 05/25/2015 - 12:45 | 6129589 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

"interest amounting to 825.91 times amount"

That just means it's a really REALLY good stock!

Mon, 05/25/2015 - 14:49 | 6130047 fockewulf190
fockewulf190's picture

I wonder if ZH is banned in China?

Mon, 05/25/2015 - 15:33 | 6130203 IrritableBowels
IrritableBowels's picture

...

Mon, 05/25/2015 - 12:52 | 6129613 847328_3527
847328_3527's picture

I s this Shangdong company a subsidiary of "Longer Dong Impotence Formula" corp?

Mon, 05/25/2015 - 13:31 | 6129766 yogibear
yogibear's picture

Bubbles, bubbles, bubbles, say it aint so.

Central banksters love to blow bubbles. Always denying we are in one.

Ever larger bubbles.

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