Reading Time: < 1 minute Xinhua Finance Media Limited (XFML) did not turn out to be another Home Inns or New Oriental, at its IPO debut last Friday. Besides the difference of market sentiment then and now, I think the fundamental reason lies within the company and the business itself. First Xinhua Finance is in the media and advertising business. Note media industry is
Reading Time: < 1 minute (Update 07Mar07) I saw an updated F1 prospectus at SEC web site. So I would assume the IPO is still on? Just heard from a friend in the States, this is not offical, but the rumor is the IPO is called off. I assume the reason is the recent sell off of Chinese stocks inside and
Reading Time: < 1 minute Found this through my friend thesunsfinancialdiary. I briefly went through their F1 prospectus. I had to admit I’m not in best position to evaluate their business: they have 5 divisions providing services from creating adverstisement to customer research. I can think of a St. Louis based privately held company called Maritz which does something similar: they organized conferences for other companies, send
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