PETROCHINA
The World's Biggest Company - China's Oil Giant PetroChina
Has this ever happened in the history of the stock market? A company that was already one of the biggest in the world, nearly trebles its value overnight, becoming the world's largest company by market valuation, adding a staggering US$596 billion to its market value within 24 hours from US$365 billion to US$961 billion.
This is what happened with PetroChina, when they listed their shares on the Shanghai A-Share Market on November 5th. The company is China's largest Oil Corporation and was already amongst the world's biggest companies before the Shanghai IPO with their listing on the Hong Kong Stock Exchange.
Before the listing in Shanghai the market value of PetroChina stood at around US$365 billion.
So what exactly happened?
http://tinyurl.com/675etql
Has this ever happened in the history of the stock market? A company that was already one of the biggest in the world, nearly trebles its value overnight, becoming the world's largest company by market valuation, adding a staggering US$596 billion to its market value within 24 hours from US$365 billion to US$961 billion.
This is what happened with PetroChina, when they listed their shares on the Shanghai A-Share Market on November 5th. The company is China's largest Oil Corporation and was already amongst the world's biggest companies before the Shanghai IPO with their listing on the Hong Kong Stock Exchange.
Before the listing in Shanghai the market value of PetroChina stood at around US$365 billion.
So what exactly happened?
http://tinyurl.com/675etql
