That sounds pretty plausible cause the stock does rally everytime this has happened over the past 3-4 days. Man, we've got 1,000,000 shares in two hours, this has got to be a coiled spring....in one direction or another. We could easily do 2M today, more like 2.5M
I could only find it on my etrade website under ipo's.
i have since learned that this is an investment in the subsidiary, so there will be no shares gained by investors. that is to my understanding. the prospectus is over 200 pages. Perhaps it is on edgar although i do not know if that is free or not.
i do not know why the stock is taking a minor hit but with every drop i am adding.
4th quarter has not started yet. What make you think it will be bad for EJ. All economic data are showing improving 4th Q and beyond. EJ has a solid business model and it can only become stronger after the world's recession is over. I bet if you have a fortune teller business, you'll be busy killing flies all day.
What planet are you from? The 4th quarter started from Oct. 1 on earth. The sales for the first week of Oct were off 50% or more across board, and Oct is supposed to be the second strongest month of the year.
September was a record month for transactions actually. And this is what is coming Thursday, although it remains to be seen how this will effect Ehouse stock. I would imagine if it is well received, EJ will move correspondingly:
China Real Estate Information Corp, a provider of real estate information and consulting services, is set to price its $200 million IPO on Thursday and list on Nasdaq.
The company, a Shanghai-based unit of real estate services company E-House China Holdings Ltd (EJ.N), operates a database with information on developments in 56 cities in China.
The company plans to buy the online real estate business operated by Sina Corp, a Chinese media company which in turn would acquire a large stake in China Real Estate Information following the IPO. E-House will remain its parent company and controlling shareholder after the offering.