7 Chinese firms list in NYSE in first half of year

By Yan Pei
0 Comment(s)Print E-mail China.org.cn, July 4, 2011
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Qihoo 360, China's leading computer security software provider, saw its shares surging 134 percent on debut day on March 29, 2011.

Qihoo 360, China's leading computer security software provider, saw its shares surging 134 percent on debut day on March 29, 2011.

 

7 Chinese firms list in NYSE in first half of year

上半年中国公司纽交所IPO达7家

Seven Chinese companies listed on the New York Stock Exchange (NYSE) through initial public offerings in the first half of the year, statistics released by NYSE Euronext show.

NYSE Euronext led the U.S. market for IPOs in 2010, with a record 22 Chinese companies listing on the bourse.

The seven Chinese companies included social networking website Renren.com, computer security software provider Qihoo 360 Technology Co., news firm Phoenix New Media, children's Web portal Taomee Holdings, mobile internet service provider NetQin Mobile Inc., commercial wheel maker Zhengxing Wheel Group Co Ltd. and men's fashion retailer Zuoan Fashion Ltd.

The seven companies raised a total of US$1.333 billion via their share offerings, accounting for 80 percent of all funds raised by Chinese listings in the U.S.

Five of the seven firms are in the tech sector. Shares of Qihoo 360 jumped 134 percent in its debut on March 29, the third best first-day performance of a U.S.-listed firm in the last ten years.

The top two spots are held by two other Internet companies from China: the country's top search engine Baidu.com and top online video portal Youku.com. Baidu.com surged 354 percent in its market debut in 2005, while Youku.com rocketed 161 percent on its first day of trading last December.

纽约证券交易所昨天公布的数据显示,今年上半年已有7家中国公司在纽约证券交易所通过IPO上市。

纽约证券交易所在2010年创下了22家中国公司IPO的记录。

今年上半年已有7家中国公司在纽交所通过IPO上市,分别是社交网站人人网、电脑安全软件提供商奇虎360、新闻公司凤凰网、儿童网络门户淘米、手机网络服务提供商网秦、轮胎厂商正兴车轮和男士服装公司左岸服饰。

7家公司的融资总额为13.33亿美元(包括绿鞋条款为14.92亿美元),占今年中国公司赴美IPO融资的80%。

7家公司中有5家属于科技企业。奇虎360公司3月29日上市当天股价大涨134%,成为过去10年间美国资本市场上市首日涨幅第三高的IPO。

前两名为中国最大的搜索引擎百度和最大的视频网站优酷。2005年,百度上市首日股价暴涨354%,而优酷则在去年12月的首个交易日股价上涨161%。

China's business press carried the story above on Monday.

 

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