Chinese IPOs

Filed in archive Venture Capital on December 26, 2003

BW has an interesting portrait of ctrip.com.

"Now, it seems that their wait is coming to an end. This month, Shanghai-based travel site Ctrip.com went public on Nasdaq -- and the stock price soared, almost doubling on the first day of trading. The following week, HC International, a Hong Kong holding company that owns Web sites in China including Huicong, an online search engine, enjoyed a strong debut following its IPO in Hong Kong. More listings are sure to follow, with the market buzzing with speculation that some of China's most popular online gaming and instant-messaging concerns will be going public in 2004. "