Interesting Reads July 25 2009 July 25, 2009 by
IPO’s are really hot in China right now and very soon they are going to come out with the biggest IPO in the world ever — Industrial and Commercial Bank of China (ICBC), worth $19 billion dollars.
I was really keen on learning about these IPOs and was hunting for their prospectus. Finally I found this story in Bloomberg on China Shipbuilding IPO, which led me to its prospectus.
I downloaded the huge document and found that all 396 pages were blank. Adobe helpfully suggested that I download a 20 MB plugin to display the font on the prospectus. I downloaded and installed it, only to find out that the prospectus is written in some Chinese language! I don’t know why it didn’t strike me that it was not going to be English, but that’s how it is.
I just scrolled the pages out of curiosity and was a little surprised to see that the general layout of the prospectus seemed to be similar to a 10 – k filing or how a prospectus for an Indian company would look like. There seemed to be something like a glossary, they had figures for CAGR growth, Balance sheet for a few years and so on.
I wish I could read it, but I don’t think I will be able to learn that language any time soon. Here are some posts that I could read though, and I hope you like them.
Stock Trader Find Speed Pays, in Milliseconds @ NYT — By now, you may have probably read this article, but if you haven’t, I think you definitely should.
Building wealth: stay invested to catch the winning days @ Vilkri
What are the best credit card rewards programs? @ The Digerati Life
After Peak Finance: Larry Summers’ Bubble @ Baselinescenario
What risk models are useful @ Ajay Shah
New York Times suffering from Body Dysmorphia @ The Reformed Broker
Stop trying to impress other people @ The Simple Dollar
Using Credit Cards to rebuild your score @ Cash Money Life
Should you re-invest your dividends @ The Dividend Guy
Will the real FICO score please stand up? @ Dough Roller
Carnival of Twenty Something Finances @ Ginger Corsair
Thanks for the mention.