The second trading day closed down 11%

Mo mo this morning close data December 13 News, the December 11 night in the Nasdaq initial public offering (IPO) social applications of the second trading day closed down 11%, and the first day of the close rose 26% formed a big contrast. The IPO the day before the founder of the former employer company NetEase shelled the first day of the opening rally arrayed, opened 14.25 U.S. dollars, closed in 17.02 U.S. dollars than the issue price of 13.5 U.S. dollars rose 26%. In addition, the Nasdaq ring bell scene also appeared a small trailer, Mo Mo founder Yantan was photographed to the lens of the vertical middle finger. However, the first day of the rise of the man did not continue to the second session, Beijing time last night, Mo Mo opened that lower, The opening price of 16.5 dollars than the first day of the closing price of 17.2 U.S. dollars lower than 0.7 U.S. dollars, after the slide, and then failed to exceed the opening price, the lowest is a further fall to 14.89 U.S. dollars, a share of 15.15 U.S. dollars, a decrease of 10.99%, conventional turnover 6 million shares. For the second day of a sharp fall, some analysts pointed out that the first day of the deal, even though the daily turnover of up to 17.971 million shares, but the exchange rate over 100%, which means that the primary market investors are suspicious of the company's prospects, choose to accept. There is also a point of view, NetEase's shelling of Yantan finally to the Mo shares played a negative role. On the day before the Nasdaq listing, NetEase issued a shelling Yantan statement, the latter listed a number of charges, including the theft of NetEase company's commercial interests, the violation of the business restrictions in the workplace commitments, the use of positions to his wife (Zhang Sichuan) founder of the four-degree (Beijing) Advertising Co., Ltd. to transport millions of dollars in economic interests, Due to personal style issues in 2007 by the Chinese police detained 10th but did not inform the company truthfully. (Xiao Feng)