New Chinese IPO to Look At

bita ipo
With all the hype of the recent GM IPO after their short vacation away from Wall Street while in bankruptcy, I believe this Chinese IPO has been overlooked.

China is the largest customer for vehicle purchases and their number one source to purchase vehicles are through online vendors. Last year, online vendors attracted 140 million unique visitors, which was up from 29 million in 2005. Bitauto (BITA) is the largest online vendor that services vehicle information in China. On Wednesday, Bitauto issued 10.6 million shares to the NASDAQ for $12 per share.

Since going public, there has been some downward pressure on the stock price and volume has remained relatively low.

As with many Chinese public stocks, BITA carries risk. It has a higher forward multiple, which is typical for Chinese companies. Due to the recent release of shares, their market cap has been put to $492 million. Once this company gets some more exposure, I would not be surprised to see some strong, positive movement.

Posted in Labels: , , , , |

3 comments:

  1. Penny Stock Investments Says:

    Chinese stocks are bargains.

  2. QUALITY STOCKS UNDER 5 DOLLARS Says:

    Chinese stocks look very attractive.

  3. Anonymous Says:

    to select from a substantial offering of weapons like this motorola clutch carriers, handbag carriers, burberry replica silver bracelets, vogue bracelets, scarves, in addition to necklace which might be very affordable in addition to beautiful, in addition to many devoid of paying an excessive amount. replica louis vuitton An exceptionally little black dress may be a must-have with each one woman's clothing collection, in addition to black color model gadgets will probably opt for almost any fancy dress coloration mainly because black color generally is a normal coloration. dior replica Black color totes usually are fantastic for ladies day-to-day work with, although black color shopping bags are likewise great for unique functions. replica dior bags For any hip gals, trendy in addition to tendency household leather totes may very well be meant for day-to-day attire beautification. Even so, for anyone who is with wonderful room or maybe superb item of clothing intended for company do the job, rolex replica or even can't believed uninterested currently being considering the monotonic attire form having old totes? Summer seasonn is usually forthcoming.