Related News
People's Daily online shares up 74% on debut
By Ding Yining |
April 27, 2012, Friday
|
Online Edition
Online Edition
THE online news portal of the communist party's flagship newspaper closed almost 74 percent higher than its offering price on its debut on the Shanghai Stock Exchange today.
People's Daily Online opened at 31.01 yuan (US$4.92), 55 percent higher than its 20 yuan offering price.
It closed at 34.72 yuan, jumping 73.6 percent from its offering price.
At 10:00 am, the stock was suspended from trading for 30 minutes after raising 10 percent from its opening price.
The market demand was strong as People's Daily Online is the first news website to go public on the domestic market.
Other similar news portals, like Sina and Sohu, went public in the US.
People's Daily Online opened at 31.01 yuan (US$4.92), 55 percent higher than its 20 yuan offering price.
It closed at 34.72 yuan, jumping 73.6 percent from its offering price.
At 10:00 am, the stock was suspended from trading for 30 minutes after raising 10 percent from its opening price.
The market demand was strong as People's Daily Online is the first news website to go public on the domestic market.
Other similar news portals, like Sina and Sohu, went public in the US.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
