Netease slides 21.7% on Nasdaq debut

Netease.com, ChinaÆs second biggest internet portal, raises $69.75 million through its IPO - near the middle of its expected price range.
July 03, 2000

Netease.com, ChinaÆs second biggest internet portal, raised $69.75 million in its initial public share offering on Nasdaq last Friday, near its middle price range. The Beijing-based internet company sold 4.5 million American depositary receipts (ADRs) at $15.50 each.

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].

Share our publication on social media
Share our publication on social media