Comment: Maybe it was a mistake for the Pacific website to go public

by lengpengcheng on 2007-12-05 14:22:44

The Pacific Website Cluster will launch its IPO roadshow today, planning to offer shares at HKD 2.98 to 3.58 each, equivalent to a predicted PE ratio of 30 to 36 times for 2008. It is expected to be listed on the Hong Kong Stock Exchange on December 18th, raising approximately HKD 800 million, with the stock code "0543". Upon visiting the Pacific Website Cluster, we find that under the cluster of professional websites owned by Pacific are the Pacific Computer Network, Pacific Auto Network, Pacific Gaming Network, and the Pacific Fashion Women's Network, etc.

From the current perspective of the Pacific Professional Website Cluster itself, its main operating revenue mainly depends on advertising income from IT and automobiles, while the income from gaming and women's websites accounts for a lower proportion. Personally, I believe that it might be a mistake for the Pacific Website to go public too early.