Shares in China Coal Energy Corp have risen 28% on their $3.6bn (£1.8bn) debut on the Shanghai stock exchange.
The performance disappointed some investors, as in some recent Chinese listings companies have seen their share prices double.
Its shares were trading at 21.62 yuan, up 28% from their debut price of 16.83 yuan. The stock had been expected to trade in a range of 26 to 32 yuan.
China is the world's largest producer and consumer of coal.
The performance disappointed some investors, as in some recent Chinese listings companies have seen their share prices double.
Its shares were trading at 21.62 yuan, up 28% from their debut price of 16.83 yuan. The stock had been expected to trade in a range of 26 to 32 yuan.
China is the world's largest producer and consumer of coal.
Since China is the world's largest producer and consumer of coal, many investors were upset with the coal shares were only raised 28%. Prices usually double and that is why investors and disappointed with the China Coal Energy Corp.
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