Jumei, TrueCar IPOs Price In Tech New Issue Test

By | May 16, 2014

Scalper1 News

Jumei International (JMEI), China’s largest online beauty products retailer, priced its U.S. initial public offering above the expected price range, signaling solid demand ahead of Friday’s trading debut. Has investor appetite for growth new issues returned? Jumei sold 11.14 million shares at 22 each, above the range of 19.50-21.50. The company raised $245.1 million its IPO. Jumei revenue more than doubled to $483 million in 2013, turning a profit Scalper1 News

Scalper1 News