China Digital A Big Hit on NYSE
Filed in archive Internet by Greg Cruey on October 08, 2007
In looking at the stock's debut performance, Tom Taulli said, "it was inevitable it would do well" based simply on the heat being generated by tech stocks as a group.

Few people had heard of the company when China digital tv
first filed with the Securities and Exchange Commission last month. We've since learned that they have a 44% market share in China's growing digital smart card industry. The Chinese government wants all TV in China to be digital by 2015.The IPO price for China Digital was a sweet $16 a share. The stock opened at over twice that on Friday - $37.50 a share - and closed down at just over $29 a share. That's an increase in value at the close of over 80% on the IPO price. So IPO investors made a killing.
When the news of the listing came out, I agreed with Amy in Hong Kong, who said: "I would say it's risky to invest in China's digital TV market now, especially in a digital TV card maker like China Digital TV, since the policy of standard and regulation hasn't really confirmed yet and it could be changed anytime." From the standpoint of speculation on the IPO, I was obviously wrong. And judging from the growing demand government regulation in China is going to create for China Digital's products, this is now a stock to watch...
Permalink: China Digital A Big Hit on NYSE
Tags:
China Digital NYSE stocks china china+digital venture+capital digital+nyse
Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/95548














