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Stock impact report

Chinese IPO Qilian Doubles in U.S. Trading Debut [Yahoo! Finance News]

Qilian International Holding Group Ltd. - Ordinary Shares (QLI)  More Company Research Source: Yahoo! Finance News
PDF Text sizeKuke Music CEO He Yu and Director Lung Yu virtually rang the opening bell at the New York Stock Exchange on Thursday.NYSETwo Chinese initial public offerings opened for trading Tuesday, withQilian International Holding GroupShares of Qilian (ticker: QLI) doubled during its first day of trading, whileKuke Music HoldingThe two offerings continue the trend of Chinese companies going public in the U.S. There were 33 such offerings in 2020, collecting $13.4 billion, the most since 2018, when 34 Chinese companies went public, according to Dealogic. The $13.4 billion compares with $3.5 billion raised by 25 in 2019.Qilian’s stock opened at $8.01 and hit a high of $22, up 340%. The stock closed Tuesday at $10, up 100%.Newsletter Sign-upMarket LabExclusive data, tables and charts from Barron's Market Lab.SUBSCRIBEThe company’s soaring debut is significant because Qilian has been waiting a long time to go public, initially filing for an IPO in November 2019. When Qilian finally did pri [Read more]
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