The catalyst
Chinese Tape Maker Soars 787% in Market Debut as Beijing Moves to Halt New IPO Filings
The thesis
Crown New Materials surged 787% in its market debut as Beijing moved to restrict new IPO filings amid a speculative stock-market boom.
Fresh-listing fever turns industrial tape into a full-send IPO trade.
Cleared the 75 line by 7.
Chinese Tape Maker Soars 787% in Market Debut as Beijing Moves to Halt New IPO Filings
Crown New Materials surged 787% in its market debut as Beijing moved to restrict new IPO filings amid a speculative stock-market boom.