Glaring,IPO_IPO

　　As it launched its initial public offer-ing (IPO) in Shanghai on August 18,2010, China Everbright Bank Co.Ltd. was greeted with a warm wel-come-shares of the mid-sized bank closed at 3.66 yuan ($0.54) on its first trading date,jumping 18 percent from the IPO price of 3.1 yuan ($0.46). The performance was much better than what many analysts had expected and would bode well for other Chinese banks that are lining up to raise capital from the stock markets.

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