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Recently, e-Future hit the market, its catchy ticker is EFUT... here is what seekingalpha says about the pricing:
SeekingAlpha
eFuture's IPO Was Severely Underpriced
Wednesday November 15, 5:06 am ET
Ant & Sons submits: eFuture Information Technology Inc. (NASDAQ: EFUT - News), a leading provider of integrated software and professional services in China's supply chain market, closed its initial public offering of 1,133,500 ordinary shares at $6.00 per share and began trading on the NASDAQ Capital Market on Wednesday, November 1.
Since then, the stock has risen to its current share price of $43.60, higher to the tune of $14.11, or 47.85%, in today's trading session alone, following another meteoric rise in share price yesterday of 48%. With the dramatic run in share price just days after eFuture began trading, management cannot be pleased with its underwriter Anderson & Strudwick Inc. The average IPO typically leaves about $9.1 million on the table. In other words, money left on the table is lost capital that could have been raised for the company had the stock been offered at a higher price. However, judging by the market reaction and buyer interest that has pushed the stock incredibly higher, the stock appears to have been severely under priced and much more money than that was left on the table
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