XDLong International, the 4th largest
sportswear company in China and the last of the top
five to go public, is going to go public on the Hong Kong stock exchange.
Based upon an IPO price of $1.38 to $1.98 (Hong Kong dollars), XDLong will be priced at somewhere between 8.5 to 12.2
times 2008 earnings. That’s pretty reasonable.
