Chinese investors lap up cinema IPO sequel

Shanghai Film makes a roaring debut on its local stock exchange, showing that investors like nothing more than a sequel.

Chinese investors lap up cinema IPO sequel

Chinese investors have now enjoyed two IPOs from the cinema sector in two weeks, after Shanghai Film Corporation made its debut on Wednesday. They are clearly fond of sequels the stock has risen almost 60% since it started trading.

The company, the distribution arm of the state-backed Shanghai Film Group, raised Rmb952.765 million $143.784 million from its 93.5 million share offer after turning to investors amid rising interest in Chinese cinema companies both at...

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