Call that an IPO? By local standards, the debut of Metallurgical Corporation of China was a subdued affair. Not only did the state-owned construction company put on a mere 28 per cent in Shanghai on Monday, about two-fifths this year's average first-day gain, but also the wider market was fractionally up. Sheer force of habit normally compels investors to sell existing holdings to chase the debutant higher.
這也算是首次公開發行(IPO)？按當地標準，中國冶金科工股份有限公司(Metallurgical Corporation of China)的首日上市是一次不起眼的事件。不僅這家國有企業週一在上海上市首日股價僅上漲28%（約爲上海股市今年上市首日平均漲幅的五分之二），而且大盤也僅微幅上升。通常情況下，習慣的力量會促使投資者拋出手中持股，追捧新股。
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