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By Pehon | July 15, 2007
There is a new IPO, China Sports International, to be listed tomorrow.
China Sports International runs a sports brand, Yeli. Putting it side by side to China Hong Xing, its largely a smaller company, with revenue 1/2 that of China Hong Xing in 2006.
I’ll take a look at the IPO tomorrow before making a decision. But if you were to ask me, China Hong Xing is trading at P/E 40+ while the IPO of China Sports will list at P/E 14. That is a good enough reason for you to subscribe, and probably to buy.
Keep a look out for my review on China Sports. Buy the company if you want to. Wouldn’t be wrong in a long run.
Here is a link to its propectus, for those who want to take a look at this company.
Topics: IPO Review |