Scalper1 News
Two China-based tech IPOs, 500.com (WBAI) and Sungy Mobile (GOMO), both posted double-digit gains on their U.S. stock market debuts Friday. 500.com, a provider of online sports lottery services, raised $75 million by selling 5.8 million shares at $13, the high end of its upwardly revised expected range of $11 to $13. The stock was up 51%, near 20, in afternoon trading in the stock market today. For the nine months ended Sept. 30, 500.com reported Scalper1 News
Scalper1 News