Netimperative
Netimperative
  • Home
  • Ads
  • Content
  • Mobile
  • E-commerce
  • Social
  • Regulation
  • Video
  • Viral
Menu
  • Apple
  • Amazon
  • Facebook
  • Google
  • twitter
  • WhatsApp
  • YouTube

Chinese web flotation of Jiayuan dating site

May 16, 2011

The latest major Chinese web property to float on the US stock market is the dating site Jiayuan. Along with US twin Friendfinder, it failed to capture investor confidence with shares losing ground in early trading on Nasdaq last week. New York still seems to be the place for flotation, but have the investors judged this one right? Judge the numbers yourself…

Jiayuan operates the largest online dating site in China, and raised $78.1 million in its initial public offering.
The stock fell 48 cents, or 4.4 percent, to close at $10.52 in its first day of trading on Friday.
This is the latest sign of investor fatigue with a wave of Chinese companies flocking to US exchanges.
Chinese offerings have been grabbing headlines in the past months as a dozen Chinese companies, mostly Internet ventures such as social netowrking site RenRen, rushed to list in New York since the start of the year.
The company priced its offering of 7.1 million American depositary shares at $11 each. Every two American depositary shares reflect represent three ordinary shares of the company. Of the total sold, 6.7 million were offered by the company and the remainder by a shareholder.
The ADSs are listed on Nasdaq under the ticker symbol “DATE”.
If underwriters exercise their option to buy an added 1,065,000 ADSs from shareholders, the IPO could raise a total of $89.8 million.
Bank of America Merrill Lynch and Citigroup Global Markets Inc. are serving as joint bookrunners for the offering. The co-managers are China International Capital Corporation Ltd., Oppenheimer & Co. and Stifel Nicolaus Weisel.

Uncategorized China, global

Archives

Tags

advertising agencies Amazon analytics Android Apple apps Australia BBC brands Brazil broadband China Christmas comScore content digital marketing ecommerce email Entertainment Europe Facebook France games Germany global Google government images infographic local marketing media Microsoft music Privacy retail Search security smartphones technology Twitter UK video YouTube

Recent Posts

  • Top six Valentine’s Day ads for 2022
  • 2021 Halloween: digital marketing campaigns we loved this year
  • Empowering employees; the critical link between EX and CX
  • Investing in in-app social features is a must in a world that is crying out to be connected
  • QR codes, Gen Z and the future of OOH

Copyright © 2025 Netimperative.

Magazine WordPress Theme by themehall.com

We use cookies to improve the website and your experience. We’ll assume you’re okay with this, but you’re welcome to opt-out
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT