Another "Solid" IPO In China.......

I think this kind of number is called "solid" in China.......

Das nennt man nach chinesischen Maßstäben wohl "solide".....

China Shipping Stock Sale Oversubscribed, People Say
Dec. 6 (Bloomberg) -- China Shipping Container Lines Co., Asia's second-largest container line, attracted 2.6 trillion yuan ($351 billion) worth of orders for its Shanghai stock sale, said three people familiar with the offering.

The Shanghai-based shipping line has said it aims to sell as much as 15.5 billion yuan in stock. The people asked not to be identified before an official announcement.

The sale drew bids for about 170 times the stock on offer, as demand for new shares withstands the worst monthly fall in Shanghai's stock market in at least 12 years. The proceeds will help China Shipping expand its fleet and add routes to compete with larger rival China Cosco Holdings Ltd.

``In the current volatile market, investors prefer new share sales as they are seen as less risky,'' said Roslyn Ji, an analyst at Core Pacific-Yamaichi International Ltd. in Hong Kong.

``Large companies named after `China' are particularly favored.''

China Railway Group Ltd., Asia's biggest construction company, drew 150 times the stock on offer for its 22.4 billion yuan Shanghai share sale last month. PetroChina Co.'s October sale had $441 billion of bids, or about 50 times the stock on offer. The company became the world's largest by market capitalization after the sale.