Chinese site soars in IPO opening

31 Oct 2013
The world’s newest publicly traded classified company traded today at almost 50 percent above its planned IPO price --- even though it’s been profitable for less than a year. Barely profitable. Shares of opened trading this morning on the New York Stock Exchange with the symbol WUBA. “WUBA” is 58 in Mandarin Chinese. After about 90 minutes of trading, the stock soared to $24.83 from i

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AIM Group

The AIM Group, formally the Advanced Interactive Media Group LLC, is the world’s leading consultancy in interactive media and classified advertising. We publish Classified Intelligence Report, a continuous advisory service known as “the bible of the classified advertising industry.”