January 14, 2004

You are on the invidual archive page of Froth. Click Simon World weblog for the main page.
Froth

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




Trackbacks:

TrackBack URL for this entry:
http://blog.mu.nu/cgi/trackback.cgi/10300


Send a manual trackback ping to this post.


Comments:

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]




Post a Comment:

Name:


Email Address:


URL:


Comments:


Remember your info?










Disclaimer