Everything is back to normal. Our dog eating, child enslaving, friends from the far east have lifted the ban on IPOs that has been in place for the past 5 month’s. On this news, I expect the grandest of rallies, as all of China’s finest come out to celebrate this event and support their wonderful, shit laden, corporations.
The CSRC said that IPOs of 28 companies will be allowed to proceed by the end of the year, after they were suspended in July following a market rout. The 28 will probably tie up 3.4 trillion yuan ($533 billion) in subscription, according to the median of six analyst estimates compiled by Bloomberg.
Anyone else excited, like erection in pants happy, over this?
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Oh look, I got so excited I spilled my tea!