23-11-2013, 03:27 PM
China-based companies are gaining support again in US, albeit the Sino-Forest Corp and China Media Express, were just delisted due to accounting and corporate governance scandals few years ago.
Chinese tech companies shine in US debut
SHARES of two Chinese companies, 500.com Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on China-based technology companies backed by marquee underwriters.
Investor appetite for Chinese companies seems to have recovered after a series of accounting scandals in the past couple of years dried up US listings of China-based companies in 2011 from a high of 40 in 2010. "If they (Chinese IPOs) are brought by top-tier underwriters, then investors are a lot more interested," said Francis Gaskins, a partner at IPO research company IPODesktop.com.
Deutsche Bank led the initial public offering of online sports-lottery operator 500.com, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile.
Seven Chinese companies have listed in the United States this year so far compared with just two in 2012.
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Source: Business Times Breaking News
Chinese tech companies shine in US debut
SHARES of two Chinese companies, 500.com Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on China-based technology companies backed by marquee underwriters.
Investor appetite for Chinese companies seems to have recovered after a series of accounting scandals in the past couple of years dried up US listings of China-based companies in 2011 from a high of 40 in 2010. "If they (Chinese IPOs) are brought by top-tier underwriters, then investors are a lot more interested," said Francis Gaskins, a partner at IPO research company IPODesktop.com.
Deutsche Bank led the initial public offering of online sports-lottery operator 500.com, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile.
Seven Chinese companies have listed in the United States this year so far compared with just two in 2012.
...
Source: Business Times Breaking News
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡