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Golden Sun Education Shines Brightly in New York Trading Debut

The foreign language educator’s shares quadrupled on their New York debut on Wednesday, and continued to climb on their second day.

This article only represents the author's own views.

Is the sun finally set to shine again on new U.S. listings by Chinese companies?

The answer appears to be “yes,” at least based on the blockbuster trading debut for the newly listed Golden Sun Education Group Ltd. (GSUN.US). The company charged out of the gate on Wednesday with a massive rally that saw its shares zoom from their IPO price of $4 to close up by a factor of four at $16.30. Lest any doubters think the first-day performance was a fluke, the stock continued to climb on its second day to close up another 26% to $20.50.

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詠竹坊(官網鏈接)提供在香港和美國上市的中國企業相關新聞,重點關注中小企業和籌備上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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