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WBAI News

US IPO Recap: Chinese IPOs continue their strong run

Six companies completed US IPOs last week, and all but one gained more than 10% in early trading. Chinese lottery service provider 500.com (WBAI) was the top performer, gaining 54% after pricing above the range. Vince (VNCE), a high-end apparel retailer, was...read more

Four IPOs deliver strong market debuts on Friday

All four of the IPOs that priced on Thursday night have posted double digit gains in their first day of trading Friday. The day’s top performance came from 500.com (WBAI), the leading online sports lottery service provider in China, which priced at the...read more

500.com prices IPO at $13, at the high end of the revised range

500.com, a leading online sports lottery service provider in China, raised $75 million by offering 5.8 million ADSs at $13, the high end of the upwardly revised range of $11 to $13. The company had previously filed to offer the same number of ADSs at a range of...read more

500.com increases proposed IPO range to $11 to $13, deal size is now $75 million

500.com, which is a leading online sports lottery service provider in China, raised the proposed deal size for its upcoming IPO on Wednesday. The Shenzhen, China-based company now plans to raise up to $75 million by offering 5.8 million ADSs at a price range of...read more