58 where to go with the city to the NYSE

Summary: See the latest quotes go to the U.S. listing today, 500 lottery nets and 3G portal parent company long State Digital also submitted an IPO application. The quiet already long in the stock market, finally ushered in a small climax. Thursday Night, local life service platform 58 with the city in new

to see where the latest quotes go to the U.S. today, 500 lottery nets and 3G portal parent company long State Digital also submitted an IPO application. The quiet already long in the stock market, finally ushered in a small climax.

On the evening of Thursday, the local life service platform 58 was officially listed on the NYSE, with a final offering price of $17 per D S, higher than the previously announced price range. In the end, 58 per cent of the city's opening price was 21 U.S. dollars, up 23% from its IPO. In addition, where to go will also be listed in the United States today, 500 lottery nets and 3G portals of the parent company long State Digital has also submitted an IPO application. As of October 2013, a total of 16 Chinese enterprises completed the IPO, the cumulative financing of 6.56 billion yuan, the number of IPO enterprises increased for two consecutive months, a new year's record.

58 of the city's investors include SoftBank, DCM, Warburg Pincus Group and CEO Yiu Jingbo individual. According to the prospectus, Yiu Jingbo holds 58 per cent of the city's 27.9% shares, with a Yiu Jingbo personal book Wealth of $450 million, estimated by the IPO market value.

Yiu Jingbo worth 4.500 million USD

In the evening of October 29, 58 of the same city has the distribution price range from 13-15 U.S. dollars per a D s to 15-16 U.S. dollars per a D s. Some market participants said that the continued rise in the issue price reflects the U.S. investors in the 58 city business model recognition and confidence in the development prospects.

According to the issue price of 17 U.S. dollars, 58 of the city's IPO valuation of about 1.3 billion U.S. dollars. 58 of the city's underwriters are Morgan Stanley, Credit Suisse, Citigroup and Pacific Crown Securities.

When talking about the trend of the Chinese concept stocks piling into the IPO, Yiu Jingbo to the south that the U.S. window has never closed this saying, as long as you are a good company, you can go public. But if China's companies go out and perform poorly, whether they are financially poor or the market is not doing well, they will certainly have a bad effect on the listing behind the company. "We hope to have a better listing performance and a better way for the companies listed behind." ”

According to the 58 share-city prospectus, the company is positioned as China's largest online platform for local businesses and users, whose profits come mainly from membership services and online extension services. Starting this year, the company made its first profit, with a net profit of $285,000 trillion in the first half and a net profit of $8.5 million in the third quarter. Revenue, 2010-2012, the annual revenue of 10.7 million U.S. dollars, 41.5 million U.S. dollars and 87.1 million U.S. dollars, revenue composite growth rate of 185%. In the third quarter of 2013, the total revenue of 41.6 million U.S. dollars, an increase of 77%.

The prospectus shows that 58 of the city's CEO Yiu Jingbo holds 58 of the city's 27.9% shares, Yiu Jingbo personal wealth of $450 million. CV source statistics show that the fund received 230 million U.S. dollars in the IPO exit book return, and Get 13.06 times times the return on the book exit, D cm book exit return of 186 million U.S. dollars, Warburg Hua's book exit returns 289 million dollars.

A small climax

This is the third single to the United States listed in the stock. Earlier this year, the listing of the IPO in June the size of the IPOs is less than 80 million U.S. dollars, and Shang small loan IPO financing size of less than 8 million U.S. dollars. Compared with last year's IPO, the market capitalisation of the first two was lower than the previous round of financing valuations, while the 58 city IPO market value was no lower than the last round of 380 million US dollar valuations before the IPO.

In addition, where to go will also be listed in the United States today, and before the IPO price range from 9.50 to 11.50 U.S. dollars to 12-14 U.S. dollars, up to 179 million U.S. dollars. In addition, 500 lottery network and 3G portal parent company Long State Digital has also submitted an IPO application.

The upturn in the economy is driving the capital market to an active stage. October 2013, a total of 16 Chinese enterprises completed the IPO, the cumulative financing of 6.56 billion yuan, the number of IPO enterprises increased for two consecutive months, a new year's record. In terms of specific market distribution, the 16 Chinese companies that completed the IPO in October 2013 concentrated on offshore capital markets, which were distributed at HKEx, NYSE and the Sydney Stock Exchange.

Li Ling, chief analyst at Chinav Enture Group, said the Chinese internet company would usher in a new wave of U.S. listings. "The ice-breaking and even the boom does not mean that there will be an excellent performance in the stock." U.S. capital markets are easy to come by, and the SEC's stringent regulatory regime for financial and corporate governance in listed companies is also under great pressure, and the creativity of the business model and the sustainability of growth are fundamental to a firm foothold in the U.S. capital market. ”