The US market is dull only for US and Europe companies, which are finding it difficult to raise new capital from the market. But the appetite for Chinese papers is going up dramatically in US.
Water treatment equipment supplier Duoyuan Global Water Inc (DGW.N), notched up a massive 37% gain on the first day of listing at the New York Stock Exchange.
There was also another Chinese specialty Chemicals maker who made its debut yesterday, and ended up at near issue price.
So far in the year 2009, the US market has seen only nine new issues, due to weak market conditions, and China remaining the fastest growing economy in the world, the demand for Chinese stocks are likely to remain high.