Qunar Cayman Islands Ltd. and 58.Com Inc. jumped after selling shares above their price targets, a signal that appetite for Chinese companies remains unshaken by Muddy Waters LLC’s fraud allegations against NQ Mobile Inc.
Twitter Inc. is seeking as much as $1.4 billion in the largest Internet initial public offering since Facebook Inc., betting it can convince investors of its ability to turn 500 million tweets a day into profits.
Twitter Inc., the microblogging service with more than 200 million members, added Allen & Co. and Code Advisors LLC to the group of underwriters managing its initial public offering, people with knowledge of the process said.
Qunar Cayman Islands Ltd., an online travel service provider controlled by Baidu Inc., seeks to raise as much as $125 million in the biggest U.S. initial public offering by a Chinese company in two years.
Restoration Hardware Holdings Inc. is betting investors will be willing to pay a 60 percent premium to buy shares in its initial public offering as the home-furnishing retailer’s profits surge and the housing market recovers.
LinkedIn Corp. ’s success is inspiring Web companies to limit the amount of shares they sell in initial public offerings, fueling concern that scarcity will inflate stock values and contribute to another dot-com bubble.
Facebook Inc., the world’s biggest social networking site, agreed to settle complaints by the Federal Trade Commission that it failed to protect users’ privacy or disclose how their data could be used.