DangDang, “the Chinese Amazon” (though without Amazon-style market share), listed on the New York Stock Exchange on December 9th, 2010.
Just over a month later, DangDang CEO Li Guoqing exploded at Morgan Stanley and Credit Suisse in a profanity-laced tirade, blaming them for a botched IPO that severely undervalued the firm.
In 2010, New York has welcomed 39 Chinese firms to its NYSE and NASDAQ stock exchanges, surpassing the previous record of 37 in 2007. 2011 could well obliterate all previous records, again. This post reviews the multitude of recent (5) and upcoming (9) Chinese internet IPOs.
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