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.
April 26, 2011

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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Sina wins China's microblog battle

China is now home to more than 300 million microbloggers, and some analysts have declared Sina the winner in the battle to dominate the market.
November 23, 2011