(Repeats to attach to alert)
SHANGHAI Jan 28 Shares of Shaanxi Coal Industry
Co Ltd, China's third biggest listed coal miner,
jumped 20 percent at open in its Shanghai debut on Tuesday, in
the biggest mainland China listing since the initial public
offering market was reopened late last month.
The first day spike in Shaanxi Coal's shares is in line with
those of other companies that have listed on China's bourses
over the past few weeks, as the securities regulator stepped up
its oversight over pricing of IPOs.
Shares of Shaanxi Coal opened at 4.8 yuan, up from its IPO
price of 4 yuan. Under the new listing rules, shares are allowed
to rise or fall up to 20 percent at the open from the IPO price.
The company raised 4 billion yuan ($661.29 million) in its
IPO, down about 60 percent from a target set this month
following the increased policing by the stock regulator.
China Securities, CICC and BOC International are the
underwriters for the deal.
($1 = 6.0488 Chinese yuan)
(Reporting by Shanghai Newsroom; Editing by Kazunori Takada)