Ag Bank of China IPO: bull case, bear case

Reading Time: < 1 minute Business week: Summary Box: China’s AgBank IPO nabs $19.2 billion. Wiki; Official web site of Ag Bank China’s (ABC, 中国农业银行股份有限公司). (source: ForeignHR) Bear case Ag bank of China primarily serves the less-developed regions and people in China: the rural areas, the villages, the farmers and peasants, the agriculture related business. Since the founding of People’s… Continue reading Ag Bank of China IPO: bull case, bear case

Mr. Market turned face

Reading Time: < 1 minute Some signs of the stock market is cracking: 1) The leaders such as Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL), Berkshire Hathaway (NYSE: BRK.A, BRK.B) are retreating. 2) CIC is thinking about buying equities again, Renaissance Technologies is one option (last time CIC pulled trigger, it bought Blackstone pre-IPO at top). 3) Goldman Sach is selling.… Continue reading Mr. Market turned face

Rosetta Stone, learning foreign language

Reading Time: 2 minutes First saw Rosetta Stone at the mall couple years ago (the kiosk). More recently saw its Ads on the TV. Today comes a monumental day for the company (bloomberg news, IPOHome, Yahoo Finance), the IPO (as old Warren says IPO stands for its probably overpriced). Fun and emotion aside, I think this language thing may… Continue reading Rosetta Stone, learning foreign language

WuXi Pharma WX continues to drop

Reading Time: 2 minutes WuXi Pharma Tech (NYSE:WX) continued to slide, during my absence. One (main) concern is heavy insider selling (source: seekingalpha) lately, after the secondary offering was suspended on May 4. I double checked the F1 filings for secondary offering (principal and selling shareholders), and found its CEO Dr. Ge Li was going to sell 8 million… Continue reading WuXi Pharma WX continues to drop

Demystify the sale of CCB shares

Reading Time: 3 minutes Coule day a ago I came across this BoA (NYSE:BAC) bought CCB (China Construction Bank, Hongkong 0939) shares at dirt cheap price story from my Chinese friend StrengthTrader (English news here). After that I read this one original written by 21cbh, titled The Mystery of 70% Off of CCB Shares, here is a faster link… Continue reading Demystify the sale of CCB shares

Got some WX Wuxi Pharma again

Reading Time: < 1 minute I bought some Wuxi Pharma (NYSE:WX) shares today, last year I traded it shortly after its IPO in Aug/Sept. Recent developments Q4 and full year 2007 results (MSN Money): total net revenues increased 93.3% to $135.2 million (compared to 2006); Chemsitry CRO of the year by Pfizer; Q1 2008 results to be released on May… Continue reading Got some WX Wuxi Pharma again

Visa IPO

Reading Time: 1 minute Yes, the long anticipated credit card giant is filing for the IPO. Here is its S1 prospectus. I have not read the S1, but from what I read (from MSNBC), they are going to raise up to $10 billion. That’s the largest IPO in US since 2000, and it’s the category of China ICBC’s IPO… Continue reading Visa IPO

Perfect World IPO

Reading Time: < 1 minute I read this from Netease: Perfect World, a Chinese online game co., will debut in Nasdaq under ticker symbol PWRD tomorrow July 27. Here is the prospectus from SEC. The company was not profitable in 2005, and 2006, but it turned corner in Q1 2007. It seems other Chinese online game companies are also coming… Continue reading Perfect World IPO