IPO Roundup: 4 companies make their debut Thursday

IPO Roundup: 4 companies, including Sabre, make their debut Thursday; Weibo rises 19 percent

Associated Press

NEW YORK (AP) -- Two Chinese Internet companies, a sporting goods retailer and a travel software provider rose in their stock market debuts Thursday.

Beijing-based Weibo had the largest gains of the four. Shares of social media company rose over 19 percent.

Here's a look at how the other companies fared:

LEJU HOLDINGS LTD.

The Chinese company provides online real estate services. It makes money by charging real estate agents and homeowners to list properties on its sites. It also operates real estate websites for Chinese Internet companies Sina Corp. and Baidu Inc. Leju raised $100 million after pricing 10 million American depositary shares at $10.00 per ADS, at the low end of its previously expected range between $10 and $12 per ADS. It plans to use the money raised to enhance its technology and expanding into smaller Chinese cities. Its shares, which are trading on the New York Stock Exchange, under the ticker symbol "LEJU," rose $1.86, or 18.6 percent, to close at $11.86.

SABRE CORP.

The company owns online travel agency Travelocity and sells software and services to airlines, hotels and travel agencies that help them buy and sell flights, rooms and tours. The Southlake, Texas, company raised $627.2 million after pricing 39.2 million shares at $16 each. It had expected to offer 44.7 million shares between $18 and $20 each. It plans to use proceeds to pay down debt. Its shares are listed on the Nasdaq stock market under the ticker symbol "SABR." They rose 50 cents, or 3.1 percent, to close at $16.50.

SPORTSMAN'S WAREHOUSE HOLDINGS INC.

The outdoor sporting goods retailer sells hunting, fishing and camping gear at its 48 stores around the country. It raised $118.8 million after pricing 12.5 million at $9.50 per share, below its previously expected range between $11 and $13 per share. The Midvale, Utah, company plans to use the cash raised to pay its debt. Shares of Sportsman's Warehouse, which are trading on the Nasdaq stock market under the ticker symbol "SPWH," rose 25 cents, or 2.6 percent, to close at $9.75.

WEIBO CORP.

The Chinese social media company provides a Twitter-like service that allows users to post up to 140 Chinese characters to share with others. Weibo has 61.4 million average daily active users, according to its filing with the U.S. Securities and Exchange Commission. It raised $285.6 million, pricing 16.8 million American depository shares at $17 each. That's the low end of the expected $17 to $19 range. It plans to use the money raised to pay its debt to parent company Sina Corp. Its shares are trading on the Nasdaq under the symbol "WB." They rose $3.24, or 19.1 percent, to $20.24. Earlier in the day it had risen as high as $24.48

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