ASIAN Bamboo AG, a leading producer of bamboo trees and organic bamboo shoots in China, listed on the Frankfurt Stock Exchange yesterday, jumping to 18.8 euros (US$27.57) from its initial public offering price of 17 euros.

The shares later dropped to 16.25 euros. The company has sold 5.6 million shares in its oversubscribed initial public offering, which raised about 75 million euros. It's the second Chinese firm listed on the Frankfurt Stock Exchange's Prime Standard segment designed for companies that wish to target international investors.