- Though pre-IPO demand was muted (leading to conservative pricing) and initial trading wasn't impressive, Weibo (WB +19.1%) and Leju (LEJU +18.6%) closed up strongly. The former is now worth $4.05B (21x sales), and the latter $1.57B (4.7x sales).
- Sina (SINA +6.7%) managed to follow Weibo higher, but E-House (EJ -5%) couldn't get a similar lift from Leju.
- Chinese Internet companies with upcoming IPOs - the list includes JD.com, Jumei.com (JMEI), and Cheetah Mobile - are likely breathing sighs of relief.
From other sites
at CNBC.com (Mar 10, 2015)
at CNBC.com (Dec 31, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Nov 10, 2014)
at CNBC.com (Oct 2, 2014)
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