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.
[…] 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. […]