January 14, 2004

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Bubble, bubble, toil and trouble:

Shares of vegetable and fruit grower China Green (Holdings) shot up 58.2 per cent in their debut yesterday, as investors continued their frenzied pursuit towards new listings...The company, which was offering a total of 150 million new shares in its IPO, posted a 1,604 times oversubscription from retail investors - breaking the previous record of 1,276 times held by red chip Beijing Enterprises Holdings in 1997.
Cast your mind all the way back to 1999 and 2000. Replace China with Internet in the above. Starting to see a pattern yet?

posted by Simon on 01.14.04 at 05:09 PM in the


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Looks like the red chip boom of 1996 and 1997. I hope so as I still have some shares from that time.

posted by: fumier on 01.14.04 at 05:46 PM [permalink]

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