station network (www.admin5.com) November 1st news, 58 city network last night (October 31st) successfully landed on the NYSE, the opening price of $21, compared with $17 IPO price of 23.5%, up 47% in early trading, a small climax takes off in the stocks listed in the u.s.. I hope our performance will pave the way for the listed companies behind." 58 city CEO Yao Jinbo last night, when the New York Stock Exchange listed on the clock to accept the media said.
I do not worry about the listing, now listed too bad, I have to do a little more to re listed." A few years ago, Yao Jinbo had touched a sensitive nerve entrepreneurial crowd, listed for him is not too much temptation. Do not worry about the listing, perhaps in his view, the greater the value of the business to do their own late sale. In fact, there are always willing to pay for his money. Now, the 58 city network last night (October 31st) successfully landed on the NYSE, the opening price of $21, compared with $17 IPO price of 23.5%, up 47% in early trading, a small climax takes off in the stocks listed in the u.s.. As of November 1st, at 0 o’clock in Beijing, the city of the same stock price rose $8.08 to $25.08, an increase of 47.53% compared to the issue price. The highest intraday price of $27, an increase of 58.8% compared to the issue price, the market value of the calculation of $2 billion 100 million.
prior to 2000, Yao Jinbo was a technician at the Bank of China Shandong branch. Simply do not match the technology and ambition, he resolutely chose to resign entrepreneurship. Later, he founded a website with the domain name trading service, sold to Chinese million net, earn life pot of gold. "I love the collection of domain name, as one of red wine and calligraphy." Yao Jinbo said in an interview last year. Asked about the domain name value, Yao Jinbo indifferent and some said proudly, "according to the market value may be more than one hundred million". During the same period, but also with two colleagues co founded the school of education. In the end, he chose to leave, want to start their own business, do the real boss.
in 2005, inspired by the Craigslist, 58 city began to the stairs of the small ads, newspaper bean curd advertising, community advertising bar to the internet. It has become a moving company, real estate brokers and other local life service provider information release platform. Around 2009, Yao Jinbo identified 58 city as an online marketing platform business model: to Small and micro businesses online promotion called fee charged membership fees, and allow members to appear in the position of the 58 city better bidding. The former became the basis of 58 city revenue, which is responsible for raising gross margin.
over the past 8 years, Yao Jinbo has been walking on the runway, trying to confirm that the classified information site will be the next real ten billion level enterprise. With the help of the listed to prove that they have not so important, "classified information website information out of order zhenjiamobian your chosen profession will determine your position in a 58 city to do is always faster than others.