Move over, Tiffany. Hold on to your jewels, Graff Diamonds. There is an even bigger kid on the block. Chow Tai Fook has priced its initial public offering in Hong Kong to make it the world’s most valuable listed jeweller, worth US$19.2bn. The company is a household name in China; its shares begin trading next week under the code 1929, the year it was founded. Chinese companies love a corporate narrative as much as anyone. The question is whether investors should back its current story.
蒂芙尼(Tiffany)，请让一让。格拉夫钻石(Graff Diamonds)，收起你的珠宝。更有实力的新起之秀来了。周大福(Chow Tai Fook)已为其香港首次公开发行(IPO)完成定价，以192亿美元市值成为世界上估值最高的上市珠宝商。该公司在manbetx3.0 家喻户晓，其股票从本周开始交易，代码为1929，这也是该公司成立的年份。manbetx3.0 公司跟海外企业一样，都热衷于叙述企业自身的故事。但问题是投资者是否应该支持其当前的故事。
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