
leased from Sunday on and the▓ review meetings would be concentrated. "IPO applications sent to the regulator were concentrated. The regulator had to take into consideration forming a block and guard against speculation that might push up IPO stocks prices," the official said. Since the market held high expectation on the GEM stocks, the first batch of IPOs should provide a ▓certain number of stocks for trade and form a block to provide more choices for investors to guard against speculation, the official said. "None of the first IPOs on the GEM was of huge