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07-31-2011, 02:25 AM
ChinaCache's IPO bucked the trend in US stock markets, which have deteriorated recently. Many companies have delayed their offerings. Some Chinese companies including China Education Inc have withdrawn planned offerings.
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ChinaCache makes big splash onto Nasdaq
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The company is the first non-telecommunications carrier to receive a nationwide operating permit to provide Internet services in China. Its clients pay for its services either through a monthly fixed bandwidth or traffic volume usage, or choose a plan based on actual bandwidth and traffic volume used.
NEW YORK - Investors' optimism soared high as Beijing-based ChinaCache International Holdings made its United States market debut on Friday, raising $84 million on the Nasdaq.
It was the most impressive first-day gain for a US IPO in three years and revealed strong confidence in China's Internet growth. It also coincided with news that the number of Internet users in China now surpasses the entire population of the US.
ChinaCache's decision to go ahead was timely,polo ralph lauren pas cher (http://www.poloralphlaurenvendre.com/), said the company's founder, Chief Executive Officer Wang Song. The company wants to strengthen its operations in the growing market primarily driven by mobile Internet and Internet videos.
"The future growth of China's Internet is very promising. We want to be able to capture the market before the next wave of Internet development in China. We want to get ready for it," Wang said. "As to why we choose to be listed here, the majority of investors in Asia may not know our company that well. But in the US,polo ralph lauren (http://www.poloralphlaurenpaschern.com), they know about our company. They asked us, 'How do you compare yourself with Akamai?' As a leading Internet service company in China, we feel we are in a position to be listed on the US market, to be compared with other leading companies in the technology area."
Since then,franklin and marshall (http://www.franklinetmarshalle.com/), the company has changed its business model and built up a more stable and balanced customer base, raising revenues have significantly, said Wang. Its clients have more than doubled over the past three years. As of June this year, ChinaCache had a total of 418 clients.
相关的主题文章：
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The company,franklin marshall (http://www.franklinetmarshalle.com/), poised for strong growth, will continue to focus its business within China, said Wang. The $84 million proceeds from the sale of a 6.1 million American depositary receipts at $13.90 each will enable the company to fund research and development, as well as to expand its Internet network and systems.
Related readings:
ChinaCache makes big splash onto Nasdaq
ChinaCache: the Chinese Internet courier
Shares of the top Internet service provider company,polo ralph lauren pas cher (http://www.poloralphlaurenpaschern.com), whose clients include China Mobile,franklin et marshall (http://www.franklinetmarshalle.com/), Sina and Alibaba Group, surged as much as 95 percent during the initial public offering (IPO).
The company,ralph lauren pas cher (http://www.poloralphlaurenvendre.com/), which conducts 90 percent of its business in China, has enjoyed growing revenues over the past few years, although it has not yet turned a profit. Its revenue suffered a sharp drop in 2009, which was attributed to the global economic downturn and a business model that focused primarily on a base of low-value and high-risk customers,polo ralph lauren (http://www.polovetementsfrance.com/), said Wang.
The company is the first non-telecommunications carrier to receive a nationwide operating permit to provide Internet services in China. Its clients pay for its services either through a monthly fixed bandwidth or traffic volume usage, or choose a plan based on actual bandwidth and traffic volume used.
NEW YORK - Investors' optimism soared high as Beijing-based ChinaCache International Holdings made its United States market debut on Friday, raising $84 million on the Nasdaq.
It was the most impressive first-day gain for a US IPO in three years and revealed strong confidence in China's Internet growth. It also coincided with news that the number of Internet users in China now surpasses the entire population of the US.
ChinaCache's decision to go ahead was timely,polo ralph lauren pas cher (http://www.poloralphlaurenvendre.com/), said the company's founder, Chief Executive Officer Wang Song. The company wants to strengthen its operations in the growing market primarily driven by mobile Internet and Internet videos.
"The future growth of China's Internet is very promising. We want to be able to capture the market before the next wave of Internet development in China. We want to get ready for it," Wang said. "As to why we choose to be listed here, the majority of investors in Asia may not know our company that well. But in the US,polo ralph lauren (http://www.poloralphlaurenpaschern.com), they know about our company. They asked us, 'How do you compare yourself with Akamai?' As a leading Internet service company in China, we feel we are in a position to be listed on the US market, to be compared with other leading companies in the technology area."
Since then,franklin and marshall (http://www.franklinetmarshalle.com/), the company has changed its business model and built up a more stable and balanced customer base, raising revenues have significantly, said Wang. Its clients have more than doubled over the past three years. As of June this year, ChinaCache had a total of 418 clients.
相关的主题文章：
or 4.78 km (http://bbs.bojicafe.com/viewthread.php?tid=542703&extra=)
an industry report said on Tuesday. (http://jerz.setonhill.edu/EL250/2010/01/if_games/#comments)
"I can tell you here (http://www.tobbs.cn/home/space.php?uid=3819&do=blog&id=16905)