Bubble is building

Home Inns (Rujia, ticker symbol HMIN), which is due to IPO this week, is getting $ 1.0 billion orders for its $ 95 million listing (7.9 million shares in the range of $ 10 to 12, with over allocatement option of 1.185 million shares). See the article from Reuters here. Does anyone has the order vs. offering ratio (a.k.a. supply vs demand) for Baidu (BIDU)?  

As of now I still don’t know the exact date of its IPO. But I saw this lastest SEC filings. From most sources it appears Oct 25 Wed is the debut date.

If you know Chinese, here is the coverage from Sohu.

rujia home inns

Leave a comment