Chinese technology companies shine in US debut

Investor appetite for Chinese companies seems to have recovered after a series of accounting scandals in the past couple of years dried up U.S. listings of China-based companies in 2011 from a high of 40 in 2010. "If they (Chinese IPOs) are brought by top-tier underwriters, then investors are a lot more interested," said Francis Gaskins, a partner at IPO research company IPODesktop.com. Deutsche Bank led the initial public offering of online sports-lottery operator 500.com, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile. Seven Chinese companies have listed in the United States this year so far compared with just two in 2012.



via Tech News Headlines - Yahoo! News http://news.yahoo.com/chinese-technology-companies-shine-us-debut-193342182--sector.html