“They basically have this massive $150 million liability which goes away if they get a STAR listing (which takes about 3-6 months and should not be difficult to get)“ you do know that China A ECM is pretty much closed atm due to weak market performance right? It’s very difficult to get approvals for new ipos...
Ah didn't know that, thanks for letting me know. I thought the exchange was set up to allow loss making companies to get a listing. So I had sort of lazily assumed that would not be a problem. And now it appears companies need to turn a profit.
transactions indicate much interest in u.s. oil, for the world's largest swing producer. opec+ usually under delivers targets. probably much too early to worry about yearly overproduction, as demand is stable.
“They basically have this massive $150 million liability which goes away if they get a STAR listing (which takes about 3-6 months and should not be difficult to get)“ you do know that China A ECM is pretty much closed atm due to weak market performance right? It’s very difficult to get approvals for new ipos...
Ah didn't know that, thanks for letting me know. I thought the exchange was set up to allow loss making companies to get a listing. So I had sort of lazily assumed that would not be a problem. And now it appears companies need to turn a profit.
I clearly sold HOLI too soon. Should have put a bit more thought into it.
transactions indicate much interest in u.s. oil, for the world's largest swing producer. opec+ usually under delivers targets. probably much too early to worry about yearly overproduction, as demand is stable.