21Vianet jumps 25% in US debut

21Vianet raises $195 million after pricing its US IPO 25% above the initial top of the range — and at 37 times estimated 2012 net earnings.

21Vianet jumps 25% in US debut

Strong demand pushed shares in 21Vianet 25% higher on their trading debut, even after the Chinese internet data service provider fixed the offering price higher than the initial top end of the range.

The stock ended its first day of trading on Nasdaq last Thursday US time at $18.80, up from its IPO price of $15, which was already higher than its proposed range. The company raised 40% more than it originally planned, helped by...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...