China Metallurgical gains 35 pct in Shanghai debutMetallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. Corp of China opened 35.2 percent higher than its A-share initial public offering price on its Shanghai debut Monday. Shares in the engineering and construction firm opened higher at 7.33 yuan from its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. price of 5.42 yuan. Metallurgical raised 18.97 billion yuan (2.8 billion dollars) earlier this month from the sale of 3.5 billion yuan-denominated A-shares, or domestic investor shares, making it the nation's second largest IPO this year. In July, China State Construction Engineering, the nation's largest homebuilder, raised 7.3 billion dollars in the world's largest IPO this year. Metallurgical will make its Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. debut on Thursday after raising 18.22 billion Hong Kong dollars Noun 1. Hong Kong dollar - the basic unit of money in Hong Kong dollar - the basic monetary unit in many countries; equal to 100 cents (2.35 billion dollars) from selling 2.87 billion H-shares, or Hong Kong shares. It was the city's largest IPO since China Railway Construction Corp raised 5.7 billion dollars in March last year. Analysts said the Shanghai stock was boosted by abundant liquidity and investor enthusiasm for new listings amid a dearth of IPOs this year. China ended a nine-month moratorium A suspension of activity or an authorized period of delay or waiting. A moratorium is sometimes agreed upon by the interested parties, or it may be authorized or imposed by operation of law. on IPOs in June, but it remains wary about overly dramatic price fluctuations on the first day of trading in new stocks. While allowing new IPOs, the securities regulator has issued rules aimed at reining Reining is a western riding competition for horses where the riders guide the horses through a precise pattern of circles, spins, and stops. All work is done at the lope (known more commonly worldwide as the canter) and gallop; the fastest of the horse gaits. in large surges in their price, including a ban on investors using multiple accounts. 
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