Netease slides 21.7% on Nasdaq debut

Netease.com, ChinaÆs second biggest internet portal, raises $69.75 million through its IPO - near the middle of its expected price range.
July 03, 2000

Netease.com, ChinaÆs second biggest internet portal, raised $69.75 million in its initial public share offering on Nasdaq last Friday, near its middle price range. The Beijing-based internet company sold 4.5 million American depositary receipts (ADRs) at $15.50 each.

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