What's in store for China IPO Focus Media? (FMCN)

12 Chinese companies have gone public in the United States since the beginning of 2004. 8 of the 10 companies with IPOs in 2004 currently trade below their offering prices. The 2005 IPOs of China Techfaith Wireless (ticker: CNTF) and Hurray! Holdings (ticker: HRAY) have fared somewhat better. Take a look:

China Techfaith Wireless (ticker: CNTF)

Hurray! Holdings (ticker: HRAY)

Comment: You may also remember that Watchdata Technologies filed but later failed to go public earlier this year.

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