Another Chinese company gains in US debut

IT services and solutions provider iSoftStone jumps 27.8% after raising $140.8 million in a well-received IPO.

Following the first-day surge for China’s Youku.com and E-Commerce China Dangdang in US trading last week, another Chinese company delivered a strong debut on the New York Stock Exchange overnight. IT services provider iSoftStone Holdings was up as much as 45% shortly after opening and finished the Tuesday session 27.8% higher.

The gains came after the Beijing-based company raised $140.8 million in an initial public offering that was priced at $13 per share. The final price was set at the...

To continue reading, please login or register for free

Click for more on: ipo | nyse | it services | tencent | jp morgan | morgan stanley | ubs

Print Edition

FinanceAsia Print Edition

CONFERENCES