Tags: Chinese companies in US markets, GA
New IPO from Chinese Companies : (GA — NYSE)
NEW YORK, Oct 31 (Reuters) – Giant Interactive Group Inc on Wednesday raised $886.6 million with an initial public offering that priced well above expectations, making it the largest such capital raising in China’s fast-growing online game sector.
The IPO by China’s No. 3 online game operator, the largest by a Chinese company on U.S. markets this year, marks the latest deal in a record-breaking capital-raising push by firms in the world’s second-largest Internet market.
The Shanghai-based company sold 57.2 million American depositary shares at $15.50 each, compared with a forecast range of $12 to $14. Based on its offering price, Giant has an initial market capitalization of about $3.9 billion.
It said it launched the offering to create a public market to benefit shareholders and provide equity incentives for employees. It plans to use proceeds for general corporate purposes, and possible acquisitions, according to its filing with the U.S. Securities and Exchange Commission.
Underwriters, led by Merrill Lynch (MER.N: Quote, Profile, Research) and UBS (UBSN.VX: Quote, Profile, Research) (UBS.N: Quote, Profile, Research), have the option to purchase an additional 8.6 million ADSs to cover overallotments.
The company is a relative latecomer to China’s fast-growing online game market, where it and the other top three players, all Nasdaq-listed, now control a combined share of about two-thirds, according to Analysys International.
Shanda Interactive (SNDA.O: Quote, Profile, Research) was the market leader with 21 percent in the second quarter of this year, followed by NetEase (NTES.O: Quote, Profile, Research) at 19.2 percent, Giant at 15 percent and The9 (NCTY.O: Quote, Profile, Research) at 10.6 percent, according to Analysys.
China is the world’s second-biggest Internet market by users, after the United States, with more than 160 million Web users at the end of June, according to the China Internet Network Information Center, a government-backed agency that licenses online domain names.
(Reporting by Lilla Zuill)
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Tags: apple vs google, gigaom
With the strong performance of tech sector in recent weeks, one will easily come across the often prominent performance of these two heavyweight stocks, AAPL and GOOG. The following article from Gigaom.com gave us a picture for these two giant Tech stocks :
Tags: free downloads
1. invest-like-the-masters-warren-buffett.pdf (in English)
2. invest-like-a-billionaire-sam-zell.pdf (in English)
3. 5000-in-3-years-a-stock-market-investor-personal-story.pdf (in Chinese)
4. 38-steps-to-become-successfultrader.pdf (in English)
Tags: article, Free download
I found this article last year and it still worths a read :
Click the below small image to see the setiment indicator for LVS.
An introduction on options trading. Like any business, only the top few % will succeed in this game. Is it for you? Read the comments in this article :
I came across to read this CNNMoney blog :
Waiting for FDA news before market open this morning.
Latest breaking news : drug not approved !!!