Die Aktie wird ab 1.März gehandelt.Heute gab es eine Warnung man solle lieber in der Konsolidierung kaufen zu einem Preis zwischen 3,6 bis 6,2.Der Graumarktkurs lag bei 10 $.Ich hab einen kritischen Bericht in ccn.com/ASIANOW gefunden,der gewisse Zweifel an den Plänen aufkommen lässtThere are, nevertheless, doubters. At a recent presentation before big-wheel investors and fund managers in Singapore, for instance, the smoked salmon, consommé and light show won raves (see Assif Shameen at Asiaweek Online, www.asiaweek.com/intelligence) - but the presentation itself fell flat, according to some who saw it. Chief executive Carl Chang, dressed in baggy cotton pants and a wrinkled shirt, was asked some tough questions: How does the company plan to recruit talented people in a thin market for tech-skilled labor? Exactly what does the company plan to do to make money. His frequent answer: We need a successful IPO. After the show, much of the conversation among fund managers centered on the salmon - was it flown in from Alaska or Seattle? But as for actually investing in the company, one investor said simply: "I have real work to do at the office."
Back in Hong Kong, Chang spoke with Asiaweek and insisted the company was off to a good start in terms of attracting visitors to its website. Eventually, the company plans to develop multilingual portals for China-related infotainment. Tom.com says it has 70,000 registered users and 2.5 million daily page views.
Whatever the prospects might eventually be for the company's business plan, the real reason Hong Kong investors have been so hungry for the IPO of a start-up with no history, few employees and a motherlode of hype can be summed up by a single name: Li Ka-shing. The Hong Kong tycoon, together with his sons, Richard Li Tzar-kai and Victor Li Tzar-kuoi, control three key conglomerates: developer Cheung Kong, Hutchison Whampoa and Pacific Century CyberWorks.
David Webb, a financial analyst who uses his webb-site.com Internet site to act as a consumer watchdog for investors, claims the Li name has already earned Tom.com a pocketful of valuable concessions and rule waivers from the GEM listing committee. In each case, GEM rules stipulate that the exchange has the flexibility to grant waivers under exceptional circumstances. However, Webb argues that he doesn't see the exceptional circumstances that prompt special treatment for Li's new company. For example, the new portal will be allowed to list additional shares within six months of initial listing, which contravenes standard GEM rules. Chang says the company needs the flexibility to use its shares in case it wants to acquire other companies. Also, Tom.com management will be allowed to sell their shares after six months instead of having to hold on to them for two years, which is the standard waiting period stipulated by GEM. Finally, Tom.com has received permission to award 50% of its shares to employees as stock options. The company says it needs this exemption to attract top talent to the company, but Webb argues that the waiver is an unfair advantage unless other new GEM companies get the same consideration.