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To: manalagi who wrote (1695)11/1/2013 11:57:14 AM
From: Sr K  Respond to of 2098
 
Nov. 1, 2013, 11:34 a.m. EDT

China's Qunar soars almost 100% on U.S. debut

By Sue Chang

SAN FRANCISCO (MarketWatch) -- American depositary shares of Qunar Cayman Islands Ltd. QUNR +96.47% soared almost 100% on their debut in the Nasdaq Global Market on Friday. The Chinese company priced 11,111,000 shares at $15 per ADS to raise $166.7 million. Qunar is a search-based commercial platform for the Chinese travel industry. Shares of Qunar jumped 99% to $29.82 in recent activity.