For a while this year, it appeared that china would have to wait a little longer before listing its giant aluminium conglomerate. The depressed global economy - not to mention the bearish outlook for the base metals industry - did not provide a harmonious backdrop for Aluminium Corp of China's entry to the international stock market.But Beijing had already waited too long. Under immense government pressure to complete the initial public offering by the end of the year, Chalco garnered sufficient support for the launch and this week sees its stock debut on the New York and Hong Kong exchanges. The IPO closed at a price of 1.38 HK dollars per share, raising a total of 3.57bn HK dollars, or 4.58m dollars, for the newly-listed entity.
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