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海外来风 今年7月12日,中国排名20名开外的“中华网”以每股20美元的价格在美定价发行,7月13日公司开始在NASDAQ挂牌上市,当天股价即上涨至67美元,此后回稳于45美元,其市场表现相当不俗。 然据公司招股说明书,“中华网”1998年亏损达850万美元,日访问量也只有20万页面浏览。如果在国内这样的企业根本不可能获得上市机会,事实上即使在美国,市场对“中华网”的看法也很不相同。一些华尔街分析家认为就企业现有的资源及经营情况分析,其赢利前景并不看好。而公司的上市主承销商、雷曼兄弟公司的投资银行家则持不同观点,他们认为“中华网绝非单纯的门户网站,其主要意义在于能够提供泛亚网络广告服务和网上咨询服务,且公司可以利用上市所获的大笔现金,通过收购和新的投资来掌握先机。
July 12 this year, China ranked 20 open “CDC” at a price of 20 US dollars per share in the United States pricing issue, July 13, the company began listing on the NASDAQ, the day the stock price rose to 67 US dollars, Since then stable at 45 US dollars, its market performance is quite impressive. However, according to the prospectus of the company, “CDC” made a loss of 8.5 million U.S. dollars in 1998 and its daily traffic volume was only 200,000 page views. If such enterprises in China are not likely to get listed, in fact, even in the United States, the market’s view of “CDC” is also very different. Some Wall Street analysts believe the company’s current profitability outlook is not good considering the company’s existing resources and operating conditions. The company’s listed underwriter, Lehman Brothers investment bankers are different views, they think, "CDC is not simply a portal, its main significance is that it can provide Pan-Asian online advertising services and online consulting services, and Companies can capitalize on the large cash sums they get on the market and take the lead with acquisitions and new investments.