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YY Inc rises on NASDAQ (2)

By Ji Beibei (Global Times)

10:42, November 30, 2012

New Oriental's shares have risen by 98 percent in total since July 19, and Focus Media's have risen over 50 percent since November 22, 2011, NBD reported.

Over 40 Chinese companies have delisted from the US stock market since October 2010, and some 20 more are preparing for privatization, according to imeigu.com.

"Now there are basically two types of Chinese firms in the US market: Those with very low stock prices and those with good performance, which are less vulnerable to short-selling," Zhong told the Global Times.

The share price of YY Inc, a Guangzhou-based social media company, climbed by 24 percent in total since its IPO on November 21. But that does not mean a window of opportunity in the US has opened or will open in the near future for Chinese IPOs, analysts said.

"Strong companies do have a chance to get listed, and we also need big companies like Alibaba Group to get listed to boost investor confidence," Feng Po, an analyst at financial consultancy China Venture, told the Global Times Thursday.

Moreover, some domestic companies who have held back for over a year may now seek ways to get listed, even if it means lowering prices, Feng noted.

【1】 【2】



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