IPO News Archive
Online game developer Changyou.com prices at $16.00, the high end of the range
4/2/09
Changyou.com, a leading online game developer and operator in China and spin-off of leading Chinese Internet portal Sohu, raised $120 million by offering 7,500,000 at $16, the high end of its proposed $14 to $16 price range. At the $16 IPO price, Changyou will have a market value of $820 million. In 2008, the Beijing-based company booked $108 million in net income on just under $202 million in revenue, the majority of which was generated from a single game.
Changyou represents the first US-listed IPO since the February debut of pediatric nutrition company Mead Johnson (MJN), and the first China-based company to list in the US since advertising firm China Mass Media (CMM) raised $50 million back in August 2008. Shares of Changyou are set to begin trading on the NASDAQ Global Select Market on Thursday under the symbol CYOU. Credit Suisse and Merrill Lynch acted as lead managers on the deal.
Source: www.RenaissanceCapital.com
Latest User Comments
WOW ---- Polo pony ---- thats great 7/21/2009 2:51:06 AM
Posted by: Stoptrad
You must have missed my pic on SNDA @ 20.? That may have been the older sight. YEP ( CYOU ) just keeps moving up up up and away...........$$$$$ELL
check this out:
http://www.youtube.co...
CYOU is the best performing IPO of 2009 7/20/2009 2:41:10 PM
Posted by: polopony
Online game software firm CYOU went public April 1, 2009 and is now trading 177% above its IPO price. DAC is a $3 stock down from $10 at the start of 2009. Let's talk about the real money maker here...
Credit Suisse Research -( DAC )- OUTPERORM 7/17/2009 3:48:21 PM
Posted by: Stoptrad
Rating as of 07/16/2009
Second Quarter Earnings Announcement Expected: Earnings will
tentatively be announced 07/27/2009. With 8 analysts covering DAC, the
consensus EPS estimate is $...
ABK 7/15/2009 10:05:37 AM
Posted by: StreetSm
Yes I missed DRYS.
however I made it up by buying ABK
Brought it at 82 cents and it's at 1.01. Trailing stop set.
Good luck. And get ready to buy SKF later this week....
BDI sky rocketed today up 122 points 7/14/2009 3:53:40 PM
Posted by: Stoptrad
1st up tick in almost a month.
Take a look at the BDI, the free fall for BDI is finally over.
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