There's reason to be cautious about BOC Aviation
Sydney
THERE'S a simple rule for making money out of initial public offerings: Try to be the smart insider selling, not the uninformed outsider buying.
That's worth bearing in mind before piling into the US$1.1 billion sale of new shares in Bank of China's aircraft leasing unit, BOC Aviation. While investors including China Investment Corp, Boeing and Fosun International have already signed up for about US$475 million of the shares on offer, there's good reason to hold back.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism