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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	3/30/2011 8:10:32 PM
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Qihoo shares more than double in IPO Analysts see debut as one of the biggest China IPOs this year By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) — Shares of Qihoo 360 Technology more than doubled Wednesday in a strong debut for the Internet company and what analysts see as one of the biggest IPOs from China this year. Qihoo (NYSE:QIHU) soared 134.5% to close at $34 as the stock began trading on the New York Stock Exchange. The Beijing-based firm offered to sell 12.1 million shares at a price of $14.50, above its initial range of $10.50 to $12.50. marketwatch.com;

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