IPOs go east

Chang, Joseph
March 2008
ICIS Chemical Business;3/24/2008, Vol. 273 Issue 12, p16
Trade Publication
The article discusses the shifting of initial public offerings (IPOs) in the chemical industry away from the U.S. to Asia, the Middle East and Eastern Europe. Of the 11 IPOs in 2007 worth $3.5 billion, not one occurred in the U.S. The $1.8 billion IPO of Saudi Kayan Petrochemical Corp. in May 2007 dominated the statistics. Fineotex Chemical has announced its IPO to fund a chemical plant in Khopoli, Maharashtra, India. However, as an exception, Poland and Australia will see IPOs in 2008.


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