Month: February 2017

Reproduce The New York Stock Exchange IPO Boom of Chinese Companies

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Two well-known Internet companies in China – Youku and Dangdang 8 through an initial public offering (IPO) while landing the New York Stock Exchange, the companies listed on the first day abnormal stock price performance are highlighted, once again set off in the U.S. capital markets China’s stocks boom.

Youku Dangdang and officially launched in the New York Stock Exchange IPO (initial public offering). According to the international financial data provider Dealogic’s latest data show that seven companies from China listed on the United States within this week, setting a U.S. listed Chinese companies to the largest number of single-week record.

Outside the United States that they meet the net tangible assets of more than 100 million U.S. dollars, and in the last three consecutive fiscal year profit of not less than $ 6,500,000 total of the basic conditions, to public financing in the New York Stock Exchange.

US-listed Chinese companies, Dangdang and Youku is the most concerned about the two companies, the Wall Street financial analysts are called the Chinese version of the Amazon and Youtube. According to Dangdang, Youku to the SEC (U.S. Securities and Exchange Commission) to submit documents showing that Dangdang raised the issue price range of 13-15 U.S. dollars, financing amounted to $ 238,000,000; Youku this application to be raised up to the NYSE IPO $ 150,000,000 capital, pricing range is 9-11 U.S. dollars.

In addition to the two Internet companies, this week in the U.S. IPO of the well-known Chinese companies listed in the U.S. also the first Chinese mobile phone technology company Sky Network, the first film in the U.S. listed Chinese companies PolyBona and so on.

As of this week, U.S. listed companies in China this year have reached 38. According to the U.S. IPO research firm Renaissance Capital investment fund statistics, starting from September this year, Chinese companies accounted for 35% of the total U.S. IPO.

* Allen, senior trader at the NYSE on behalf hereby Val interview with Xinhua, said: “China’s economy growing strongly, there is no doubt. To investors seeking a profit, they will give them their money profitable areas, and for now is China. ”

Youku Dangdang and the outstanding performance of the day on the NYSE in the U.S. market set off a round of China-related stocks in the boom, the local mainstream media have reported this, and that this reflects the U.S. investors to China and China’s rapid economic growth Internet industry, its future prospects.