stlplace

LFC China Life Insurance Debut Tomorrow in Shanghai

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Last Updated on January 8, 2007 by stlplace

The party is finally here. The ticker symbol is 601628 (not available at Yahoo Finance yet), it was priced at 18.88 (lots of 8 here). And it could go to 30s (note I usually make wrong guess, so take it for what it worth…)

The ticker symbol in Hongkong is 2628.HK (from Yahoo Finance). And LFC is the ticker symbol at NYSE.

Disclosure: I don’t have any postions on this.

Follow up (08Jan07, 7:48PM Central time): it opened 37.00 Yuan, up 96% from 18.88.

china life insurance LFC

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One response to “LFC China Life Insurance Debut Tomorrow in Shanghai”

  1. Investing in China: I : stlplace

    […] The first stock comes to mind is 601628.SS, China Life Insurance (NYSE: LFC; HKSE: 2628.HK). I talked China Life couple times, during its Shanghai IPO (secondary offering to be precise), and “Got Yuan” post. I believe China Life is uniquely positioned to take advantage of weakened competitors (China Ping’An and AIG China subsidiary), and this down market. […]

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