IPO: Online job site is listed on NYSE
“[ Zhaopin] wants to concentrate on the domestic market because that’s where their stronghold is,” said Josef Schuster, founder of Ipox Schuster LLC, a Chicago-based independent financial- services firm specializing in global IPOs. “They seem to be valued in line, but it always depends on whether they meet the fundamentals of earnings and revenue growth.”
Schuster also said Zhaopin is part of “another huge wave of Chinese IPO activity” taking advantage of the “window of opportunity” for Chinese IPOs ahead of Alibaba.
Members of Zhaopin Ltd’s leadership team ring the Opening Bell at The New York Stock Exchange on June 12, 2014 in New York City. The company raised $76 million in its IPO.
2014 Jones Day International Legal Fellowship winners take a group photo with attorneys from Jones Day, an American global law firm, at the ceremony held in Beijing on Wednesday.