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INVESTORS QUEUE UP FOR TOM.COM IPO APPLICATION FORMS IN HONG KONG, 2000-02-21 (photo)

IMAGE number
REU7652030
Image title
INVESTORS QUEUE UP FOR TOM.COM IPO APPLICATION FORMS IN HONG KONG, 2000-02-21 (photo)
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Medium
photograph
Date
2000 AD (C20th AD)
Shooting Date
2000-02-21
Image description

An elderly woman queues up for application forms to buy shares from Tom.com, owned by local blue-chips Hutchison and Cheung Kong, outside an HSBC branch in Hong Kong February 21. Tens of thousands of potential investors in the territory rushed for shares from the IPOs as the economy recovers. Analysts believed soon-to-be-listed Tom.com is expected to set a new record of over subscription rate, higher than the IPO of Beijing Enterprises in the midst of the red-chip fever in 1997 which saw a record-breaking 1,000 times over subscription of its offered shares. BY/DL

Photo credit
REUTERS / Bridgeman Images
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