Friday, September 08, 2006

EDU Jumped 39% In First Day Of Trading

Priced at $15, EDU opened at $22 in its first day of trading on Thursday with more 6 million shares traded. The $15 price is above the initial range of $11 - $13.

Recent Chinese IPO stocks, such as BIDU and GRRF, traded very well in the first several days after listing. However, the frenzy faded rather quickly and shares tumbled. Whether or not EDU will also follow this pattern remains to be seen.

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