Height of China IPO Mania? Peking Duck IPO

Just about every week for the past couple of months there are new China IPO’s coming to the US Exchanges and many more listed in China.  The latest Chinese company to apply for an IPO is China Quanjude, the oldest Peking restaurant in China and doing business since 1864!  Quanjude runs 9 companies in China and 61 franchised restaurants including 5 overseas.  The state owned company netted about $7.5 million in profit last year.  They’ll kick off the road show on Monday and list on the Shenzhen Stock Exchange.

You’ll want check out two more China IPO’s being listed in the US this week – Giant Interactive (GA) begins trading Tuesday and CNinsure (CISG) begins trading Wednesday.  Both companies have strong fundamentals so they should get a big pop in the opening days.

Disclsore:  all this duck talk is making me hungry.

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