Chinese "Facebook" Does Chinese "Faceplant" As Chinese IPO Bubble Pops
So much for the Chinese IPO bubble, which accounted for 25% of all public offerings in the past year. DATE, which just went public at $11, is now plummeting as underwriters have entirely abdicated their market floor duties. Below is the much vaunted "Chinese Face Book" RenRen, whose epic collapse is a harbinger of what will happen to our own pretty soon. Also, we demonstrate what happens when an equity bubble pops and an IPO stock plunges 10% below its IPO price in 25 minutes or less.
Chinese "Facebook" experiencing a US "Faceplant"
And Chinese dating not doing too hot either:
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