FT.com / Mergermarket - China Railway up 70% on debut

FT.com / Mergermarket - China Railway up 70% on debut: "Several analysts said the more important indicator would be how the company’s shares fare over the next few weeks once the initial euphoria that can surround listings in Shanghai has died down. Shares in PetroChina have fallen 37 per cent in Shanghai from their high on the first day of trading in October. China Railway’s performance comes after shares in both Sinotruk, a heavy truck maker, and Sinotrans Shipping, a dry bulk carrier, last month fell by more than 13 per cent on their first day trading in Hong Kong. Moreover, investor appetite for smaller IPOs across Asia has started to wane amid volatility in equity markets triggered by fears of a US slowdown."