Naraku
11-05-2007, 10:42 AM
PetroChina Co. almost tripled on its first day of trading in Shanghai, becoming the world's first company to be valued at $1 trillion, more than Exxon Mobil Corp. and General Electric Co. combined.
PetroChina shares rose to 43.96 yuan from the sale price of 16.7 yuan, giving the state-owned oil producer a greater market value than the entire Russian stock market.
Source: Bloomberg.com (http://www.bloomberg.com/apps/news?pid=20601087&sid=aQyRJI72Kor8&refer=worldwide)
Bam! That's some money right there.
PetroChina shares rose to 43.96 yuan from the sale price of 16.7 yuan, giving the state-owned oil producer a greater market value than the entire Russian stock market.
Source: Bloomberg.com (http://www.bloomberg.com/apps/news?pid=20601087&sid=aQyRJI72Kor8&refer=worldwide)
Bam! That's some money right there.