5 Things to Know About China's Newly Public Best Inc.
Chinese logistics company Best Inc. (NYSE: BSTI) went public on Sept. 20, and its market debut was a rocky one. The company originally proposed to sell 62.1 million shares between $13 and $15 each, but soft demand caused it to revise the offering to 45 million shares at $10 each. Best stock jumped 18% on the first trading day, but those gains quickly faded and it finished with a modest 5% gain. The stock roared back over the next three days, rising above $13 before dipping back below $12 again. It closed Oct. 3 trading at $11.62 per share.
Despite that volatility, Best represents an interesting opportunity for long-term investors. Let's take a look at five facts you should know about this play on the growing Chinese economy, including that Alibaba is its biggest backer.
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Source: Fool.com
Alibaba Group Holding Ltd ADR Aktie
Alibaba Group Holding Ltd ADR sticht hervor mit 42 Buy- und nur 2 Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 109 € für Alibaba Group Holding Ltd ADR zeigt ein Potenzial von über 50% im Vergleich zum aktuellen Kurs von 72.2 €.
