Strong NASDAQ debut for The9
17 December 2004
Online game operator, The9, saw its stocks jump more than 23% in the first day of trading on the NASDAQ, after it became the third of China's big three game operators to launch an IPO on the US market. The9 issued 6.075 million American depository shares in the IPO at a price of US$17, raising US$103.28m from the stock sales. The trading of The9's stocks gained 23.53% to stand at US$21 at the market close. In after-hours trade they rose another 3.29% to US$21.69.