Thursday, June 28, 2012

World's Largest IPO After Facebook Soars Over 20%

Shares in Malaysian palm oil firm Felda Global surged 20 percent in their trading debut on Thursday, as investors cheered on the world's second largest IPO after Facebook's rocky initial public offering cnbc reports.

The strong debut beat market expectations of a first day pop of 10 percent and brushed aside, for now, a widely flagged 36 percent drop in Felda Global's first quarter profit to 223.2 million ringgit ($70 million) that had initially unnerved some investors…

Find out more at

No comments:

Post a Comment