VALE SA
Prudential's de facto delisting
We look at the evaporating puddle of liquidity in the dual-primary HK listing of Prudential Plc, now down to 0.08% of the company. 95% of it has drained away since last year's listing. Meanwhile, the much-trumpeted secondary listing of Brazilian iron ore giant Vale has almost dried up too, now down to 0.02% of the company. (15-Feb-2011)
We look at the evaporating puddle of liquidity in the dual-primary HK listing of Prudential Plc, now down to 0.08% of the company. 95% of it has drained away since last year's listing. Meanwhile, the much-trumpeted secondary listing of Brazilian iron ore giant Vale has almost dried up too, now down to 0.02% of the company. (15-Feb-2011)
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