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Market Rumors: Orient Securities, Malakoff, PulsTV

By Chelsea Naso (March 13, 2015, 5:28 PM EDT) -- Orient Securities Co. Ltd.'s $1.6 billion initial public offering, which was mainland China's largest listing since 2011, was oversubscribed more than 90 times as investors sought a bite of the deal amid new rules capping IPO prices and soaring industry profits, Reuters reported. Under the rules, the more than 930 billion yuan ($148.59 billion) put forward to buy shares is now "frozen" for three days until a lottery can be held to decide who gets the stock, the report said. The amount frozen is the largest to be held in mainland China in five years. ...

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