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Chineseonline retailer dangdang.com raised $272 million through its IPO on New York Stock Exchange Wednesday.Dangdang issued 17 million American Depositary Shares for $16 a share,[link widoczny dla zalogowanych], collecting $272 million in total. Its share price closed at $29.91,[link widoczny dla zalogowanych], up 86.94 percent.
Li Guoqing,[link widoczny dla zalogowanych], CEO of dangdang,[link widoczny dla zalogowanych], said that the company's strong IPO demonstrated investor confidence in China's e-commerce industry and recognition of dangdang's business performance.
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