industrial securities

China South Locomotive IPO finally gets underway

The Chinese train maker seeks a smaller-than-expected $566 million from the H-share tranche as the valuation is kept below 20 times earnings. The combined A- and H-share offering may raise up to $1.52 billion.
August 04, 2008

Chinese train maker's IPO back on track

China South Locomotive kicks off the A-share portion of its offering today after a belated approval from the Chinese regulator. The H-share tranche will follow on August 4.
July 28, 2008