SHARES OF CHINESE ONLINE GAME OPERATOR STARTED TRADING ON NASDAQ
AsiaInfo Services, December, 2004
AsiaInfo Services 12-21-2004 Shares of Chinese Online Game Operator Started Trading on Nasdaq CHINA, Dec 21, 2004 (SinoCast via COMTEX) -- The9 (NASDAQ: NCTY), China's online game operator, started trading on Nasdaq on December 16 Beijing Time. It opened at USD19, which was USD2 higher than the previous offering price USD17.
It closed at USD21, which was USD4 higherthan the offering price, and 23.53 percent up. The underwriters of The9 are Bear, Stearns & Co., Inc. and CLSA/CIBC World Markets, which have rights to oversubscribe 911,250 American Depository Shares (ADS) of The9. The most popular game MU of the 9Webzen, a joint venture between The9 and Webzen of South Korea, had its peak of 189,000players online simultaneously in the third quarter of this...
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