China National Offshore Oil Corporation Limited: Overseas IPO (B)

Shengjun Liu

    Research output: Other contributionCase Studies

    Abstract

    CNOOC’s overseas IPO failure had cast doubt on its newly implemented reforms, especially the reorganization of CNOOC. After the failed attempt, the company announced that it would not change its reform direction. Before launching the second IPO attempt, the company publicly released its ownership structure and corporate governance information; it sought to adopt the level of transparency expected of a listed company. The second attempt involved other tactics as well, such as a new pitch, a different growth plan, and a revised pricing strategy—and it was a huge success. Taken together, Cases (A) and (B) deliver the full story of CNOOC’s IPO failure and success, including the uniquely Chinese characteristics at play.
    Original languageEnglish
    Number of pages12
    Publication statusPublished - 1 Jan 2002

    Case number

    ACC-14-010

    Case normative number

    ACC-14-010-CE

    Case type

    Field

    Update date

    2016-06-17

    Published by

    China Europe International Business School

    Keywords

    • CNOOC
    • IPO(Initial public offering)
    • Petroleum Industry
    • Pricing
    • Road Show
    • State-Owned Enterprise (SOE)

    Case studies discipline

    • Accounting
    • Strategy
    • Finance

    Case studies industry

    • Mining, Quarrying, and Oil and Gas Extraction

    Fingerprint

    Dive into the research topics of 'China National Offshore Oil Corporation Limited: Overseas IPO (B)'. Together they form a unique fingerprint.

    Cite this