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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Nov 13 2013 | 6:12 PM

Bollywood took center stage on Wall Street as Eros International listed its IPO on the NYSE. A Eros International IPOglobal player within the Indian film entertainment industry, the company finances major Indian language films. It reports a film library of over 2,000 films distributed in multiple formats to more than 50 countries.


The Eros International IPO priced five million A ordinary shares at $11, raising $55 million. It opened for trading on the NYSE under the symbol EROS at $11.10. Lead underwriters were Deutsche Bank, BofA Merrill Lynch, and UBS; joint book runners included Jefferies and Credit Suisse. Legal counsel was Gibson Dunn & Crutcher and auditor was Grant Thornton. Concurrent with its IPO, Eros...

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Nov 2 2013 | 10:31 AM

The smiley faced orange logo of 58.com seemed to smile even brighter as it graced the façade of the New York Stock Exchange while the morning light settled on Wall Street. China’s largest online marketplace, 58.com (WUBA) raised $187 million in an impressive IPO on the New York Stock Exchange. 

 

Also known as China’s Craigslist, the company’s offering was oversubscribed in day one of its road show. Ultimately, joint book runners were Morgan Stanley, Credit Suisse, and Citigroup priced 11 million American Depositary Shares at $17, above an upwardly revised price range of $15-16. The shares...

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Sep 27 2013 | 1:06 PM


On September 25th, H.E. Shinzo Abe, Prime Minister of Japan,  addressed "Abenomics" and the future of the world's third largest economy before a packed audience of over 300 executives, professionals, government officials and media at the New York Stock Exchange.


Abe's ultimate goal: to fire up US corporate and investor interest. The Prime Minister met privately with a select group of US CEOs, and capped his day on Wall Street by ringing the Closing Bell - an historic first by a sitting Japanese Prime Minister - to a rousing round of applause. His NYSE visit followed the  the annual United Nations General Assembly, where world leaders converge to for political and economic discussions.


Abe has been particularly successful in tauting his "Abenomics" policies which have revived the...

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