58.com shares jump 50% on US debut

Confidence in Chinese companies listing in the US appears to be back after shares in the Beijing-based online marketplace soar.
The better-than-expected response from investors enabled 58.com to increase its price guidance during bookbuilding.
The better-than-expected response from investors enabled 58.com to increase its price guidance during bookbuilding.

Shares of 58.com jumped as much as 50% in the morning session of their debut trading day on the New York Stock Exchange, after the Beijing-based online marketplace priced its $187 million float at a price beyond the given range.

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