IslamicFinance.de

Recent initial public offerings (IPOs) were greeted enthusiastically by the market on their debut but for most of them, it appears the welcome ends there.
With the exception of two mega IPOs that are still holding up above their offer prices, others have pulled back after a strong showing on their first trading day, with some even falling below their IPO prices.
Meanwhile, new mainboard Chinese listings were given the cold shoulder immediately after their trading debuts. China's first aluminium producer to list here, XinRen Aluminum Holdings, also lost steam after a fiery run-up on its debut, eventually falling below the 55-cent offer price.
Other IPOs making their way to the market soon include South Korea's STX offshore unit, STX Offshore and Specialised Vessels.
For New Century Shipbuilding, this will be its second attempt to list here.
Analysts say that while the massive printing of money in the US is causing a flood of liquidity into Asian asset classes and bolstering their stock markets, uncertainties in the global economy and currency markets keep investors from taking on a longer-term view.