China home builder raises $7.3 bln in largest IPO this yearChina State Construction Engineering Corp said it raised 50.16 billion yuan (7.3 billion dollars) in the world's biggest 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. this year. The nation's largest home builder sold 12 billion yuan-denominated A shares at the top end of an indicated rage of 3.96-4.18 yuan, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a statement filed with the Shanghai Stock Exchange Shanghai Stock Exchange One of two major securities markets in China. late Thursday. The state-run company said earlier the Shanghai initial public offering (IPO) drew heavy demand, attracting 1.86 trillion yuan of subscription funds from interested retail and institutional investors. The IPO surpasses Brazil VisaNet's recent 4.27-billion-dollar listing to become the world's biggest IPO so far this year. China State Construction was the builder of the National Aquatics Centre, better known as the "Water Cube," used for the Beijing Olympic swimming and diving competitions last year, and the Shanghai World Financial Centre. The firm said in its prospectus that it would use at least 40.5 billion yuan of the IPO proceeds to develop housing and infrastructure projects, buy equipment and replenish working capital. The IPO is the latest in a slew of public share sales after China's securities regulator last month lifted an IPO moratorium imposed last September amid fears that new shares could exacerbate a deep slump at the time. Sichuan Expressway Co, a toll-road operator, raised 1.8 billion yuan in an IPO earlier this month and said on Friday that it would debut on the Shanghai bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. next Monday.
The China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) (Simplified Chinese: 中国证券监督管理委员会; Pinyin: is also scheduled to review the listing application of China Shipbuilding Industry Noun 1. shipbuilding industry - an industry that builds ships industry - the people or companies engaged in a particular kind of commercial enterprise; "each industry has its own trade publications" shipbuilder - a business that builds and repairs ships Corp, the nation's biggest ship-maker. It intends to raise around 6.4 billion yuan by selling up to two billion A shares. Analysts said regulators were accelerating approvals of new share offerings to curb market Noun 1. curb market - a stock market for trading in securities not listed on the New York Stock Exchange securities market, stock exchange, stock market - an exchange where security trading is conducted by professional stockbrokers speculation and prevent asset bubbles forming by increasing supplies of new shares. "Investors are getting into the market boom frantically without caring much about risks. The regulators need more of a fire extinguisher to cool the frenzy," said Cai Junyi, an analyst with Shanghai Securities. China's stock market has surged more than 80 percent this year after slumping in 2008, partly due to ample liquidity fuelled by strong government-backed lending growth. 
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