Does Anyone Else Think The People's Daily IPO Is Really Hilarious?

People's Daily

This is very funny to us.

Reuters:

The online news portal of Chinese government mouthpiece, the People’s Daily, has launched an initial public offering in Shanghai, aiming to raise about 527 million yuan ($83.6 million).

People.cn Co Ltd will sell 69.1 million shares through the IPO, it said in its prospectus posted on the Shanghai stock exchange website late on Wednesday.

IPOing the government mouthpiece? Weird.

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