China State Construction goes public, encounters A-share market plunge on its first day (Picture)

"China State Construction (601668.SH) today becomes the world's largest listed construction company in terms of market value. I am very satisfied with the opening price of 6.7 yuan," said Sun Wenjie, chairman of China State Construction at a press conference held on July 29.

On that day, China State Construction opened at a price 60% higher than the issue price. Within half an hour, it climbed all the way up, reaching close to 8 yuan at its highest point, followed by fluctuations and adjustments until the close of the market. It finally closed at 6.21 yuan, slightly lower than the opening price.