The U.S. capital market is not yet a sign of recovery

Abstract: The U.S. capital market is not yet a signal of warmer. Last night, the Thunder to the U.S. Securities and Exchange Commission (SEC) submitted an application document, announced the cancellation of the previous IPO (initial public offerings) plan. Thunderbolt said that the reason for the cancellation of the IPO plan, mainly because

There is no sign of a warmer U.S. capital market. Last night, the Thunder to the U.S. Securities and Exchange Commission (SEC) submitted an application document, announced the cancellation of the previous IPO (initial public offerings) plan.

Thunderbolt said that the reason for the cancellation of the IPO plan, mainly because of the deterioration of the European debt crisis and the U.S. economic weakness caused by cold capital markets. The Thunderbolt asked the SEC to approve its withdrawal from the IPO on the grounds that it would be in the public interest and protect investors.

Thunder in June 9 this year formally submitted to the Nasdaq IPO application, the main underwriter for JPMorgan Chase and Deutsche Bank, the company plans to raise 200 million U.S. dollars, each share of the U.S. depository stock pricing range of 14 U.S. dollars to 16 U.S. dollars.

Thunderbolt submitted the IPO file shows that its cash flow is good, Thunderbolt 2011 First quarter income of 15.36 million U.S. dollars, an increase of 98%, gross margin of 8.8 million U.S. dollars, gross margin of 57%. Thunderbolt United founder, CEO Shenglong is the largest shareholder of Thunder, holding 27.5% of the shares, Google holds 2.8%.

But, the Thunderbolt announced on July 20 this year suddenly, a moratorium on IPOs as a result of poor performance in the US did not end with Shanda literature, where mainstream voices explained that a series of financial frauds by China's overseas concept stocks and the previous outbreak of Ma Yun and Alipay "Vie events" The impact of Chinese corporate image, leading to Chinese Internet companies to the U.S. listing window briefly closed.

There are also American bloggers said that the Thunderbolt could not be listed is its existence of pirated video. Since then, Chinese Internet companies to the United States listed successful companies only August potato family.

For the news just announced, Thunderbolt Vice President Wang Shana yesterday told "First financial daily", the company is operating well, no more comments.

Then announced the postponement of the IPO of the grand literature will also be canceled to the U.S. listing plan, in charge of the Royal Literature Investor Relations Business, Ningjuiun, vice president of the Royal literature on the phone told the reporter: "We have no comment on this." ”

Some people suggest that thunder can be diverted to Hong Kong listing, internet commentator Bo (Weibo) told our correspondent, since the market is not good, now if the forced listing, will only let the Thunderbolt value is greatly underestimated, "Thunder is not short of money, Chinese enterprises still have to wait until the good environment and then return to the U.S. listing." ”

200 international companies and 30 or so Chinese companies have entered the Nasdaq-listed channel. "The inability of the US and European governments to resolve structural fiscal problems is the main uncertainty," Greifeld, Nasdaq chief executive, said in an interview with the I stock company. As for Chinese enterprises, there are certain uncertainties in the VIE model. But I think the first question for investors is the most important. ”