A new dot-com hysteria?
Baidu.com had it's Nasdaq debut, and the shares of this company which is sometimes referred to as the Chinese Google, rocketed! The stock which was priced at $27 opened at $66 and ended its historic opening day at $122.54!! That is a 353.85% gain on a day that the stock market in general was sluggish. Baidu.com showed on their website the picture you can see here to mark their historical debut. To find a comparable performance in the IPO market, you have to go all the way back to the dot-com hysteria of 1998-2000. Well I didn't buy it, but I sure will keep my eye on it. By the way, who reads chinese and can translate what it says in the arrows on the picture?
posted by /T/ @ 1:32 PM
3 comments
3 Comments:
wow!
i certainly am in the wrong job.. too late to do anything about it i am afraid!
Offtopic: Your 5 Qs 4 u are done! :-)
Try doing a search on their site. You will be surprised at what you get in results...
Post a Comment
<< Home