Shares in SouFun Holdings, the operator of China’s largest real estate searching website, closed at $73.50 in their New York Stock Exchange NYSE trading debut last Friday, 72.9% above the initial public offering price of $42.50. The company raised $125 million by selling shares at the top end of an indicated range in the US IPO.
SouFun is the first of several Chinese companies looking to sell shares in the US primary markets this month and the good response is also likely to encourage companies with similar businesses to float shares.
The Beijing-based company has strong prospects. SouFun, which literally means “searching house” in Mandarin, runs a dazzling website...
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