Mar 3 2014 | 6:34 PM

Gateway-of-India-2

Gateway of India (Photo credit: Wikipedia)


India will unveil its 2013 GDP after its fiscal year ends on March 31. Its growth rate is expected to have dipped slightly to 4.9% from 5.0% in 2012. That dip may disappoint those who had hoped for a sign of India's economic recovery. But from a global perspective, the...

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Jan 29 2014 | 5:24 PM

Even as an improving US economy sparked renewed interest in US stocks last year, trading in international equities listed on NYSE markets remained solid, approaching $3.1 trillion.

Although no particular geographic region dominated trading activity in NYSE-listed American Depository Receipts (ADRs) of international equities, nearly $1.1 trillion or more than a third of the total was in companies based in Europe, the Middle East, and Africa (the EMEA region). Multi-headquartered (France/US/Netherlands) Schlumberger (oilfield services) led the region with an average daily trading value (ADTV) of $503.7 million. Other regional standouts included UK-based BP (oil & gas) with $245.3 million in ADTV, Finland-based...

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Dec 12 2013 | 10:23 AM

Festive multicolored holiday lights in front of the New York Stock Exchange made a perfect backdrop to Autohome Inc. (ATHM)’s upsized $133 million IPO at the NYSE. Autohome, leading online destination for automobile customers in China, became the third Chinese IPO on the NYSE over the last six weeks.

The Beijing-based company offered 7.82 million American Depositary Shares at $17/ADS, above an upwardly revised $14-16 pricing range, which produced a market capitalization at IPO of almost $1.77 billion. Each ADS represents one Class A ordinary share.

Autohome opened for trading at $30.16—a 77% pop over its IPO price. Autohome's largest shareholder, Telstra Holdings (a wholly owned subsidiary of...

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Nov 25 2013 | 3:20 PM

On the cobblestone streets in front of the New York Stock Exchange, executives and guests of 500.com gathered for an Opening Bell ceremony to celebrate the company’s newly minted $75.2 million IPO. At the same time but on the other side of the globe, employees at its Shenzhen headquarters were partying into the night, being entertained by a live broadcast of the bell ringing, fireworks, light show and a massive cake, while reporters in Beijing attended 500.com’s media conference.

A leading online sports lottery service provider in China, 500.com priced its IPO at $13 per American Depositary Share (1 ADS = 10 class A ordinary shares). The price topped the estimated $11-13 range. The first trade opened under the symbol WBAI at $20, a 53.85% pop over the...

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