China’s many decades of growth and development have resulted in its gradual transition from an emerging economy, centered around manufacturing, to a developing economy, focused on services and consumerism. According to Bloomberg.com, last year was the first time China’s electronics industry outpaced the steel sector (a big deal).
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China's Twitter Twin
Last Thursday (April 17) Weibo (WB), a premier Chinese social media company, began trading on the NASDAQ. Weibo’s social media app is widely considered to be the “Chinese” version of Twitter (TWTR). Most interest in Weibo’s IPO stems from investor concern over future Chinese listings on American exchanges. For many prospective investors, Weibo is considered a case study meant to reflect the success of Alibaba’s future IPO.
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Investors Hungry For IPOs
In the midst of an abysmal past two weeks on Wall Street, a mobile food ordering app, GrubHub (GRUB), went public. Last Friday (April 11) CEO Matt Maloney overlooked the NYSE trading floor to witness the results of his company’s IPO. Initial investor demand was so high that the company raised its initial offering target price from $20-22 to $23-25, and saw its stock shoot up 50% to $39 before eventually ending the day around $34.
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GoPro To IPO
The fastest growing digital imaging company in America, GoPro, Inc., recently announced that it is undergoing the process of planning an initial public offering of stock. The company, which began as an experiment for Founder and CEO Nicholas Woodman, who wanted to capture his surfing adventures and share them with his friends, has quickly developed into a household name in digital media.
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