The Chinese are still coming, and so are the investors.
Despite signs that the fervor for initial public offerings might be waning a bit, shares of Weibo, the Twitter-like Chinese microblogging service, surged 19 percent in their first day of trading on Thursday. And another Chinese company, the real estate website Leju, enjoyed nearly as big a pop.
The warm welcomes come ahead of the expected debuts of even bigger Chinese Internet players — particularly the Alibaba Group, the online marketplace that is part eBay, part Amazon.com and wholly dominant in that country. The company is expected to file for an I.P.O. as soon as next week; it is expected to be one of the world’s biggest since Facebook raised $16 billion two years ago.
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bljworldwide via CHINA US Focus http://ift.tt/1jdQnUN
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