Adding to the portfolio of STOCK.com, the MT4 platform now has 2 new stock assets, MOMO Inc and Avolon.
Image: The NASDAQ OMX Group, Inc.
The Chinese social media company, MOMO Inc is trading on USTECH100 [Nasdaq] since it launched its IPO on Thursday 11 December 2014. Since Momo’s offering shares have soared by 26%, taking their original $13.50 price up to $17.02 on the same day. Shares have now lost half their gain at $15.08.
Alibaba has backed the company with a 20% stake bought in 2012, and MOMO Inc is planning a private share place of $50 million to Alibaba Group Holding Ltd.
According to a press release from NASDAQ, “Momo is a location-based social media application that lets users connect with people nearby and interact with groups and events locally. Since its founding in 2011, Momo has become one of China's leading mobile social networking platforms.
By listing with Nasdaq, Momo joins many of the world's largest and most revolutionary technology companies. Momo is the tenth Chinese company to list on Nasdaq in 2014, bringing the exchange's current total of listed companies from China to 113. Nasdaq has also been the exchange of choice to over 70 percent of technology companies listed in the U.S. markets.”
Avolon Holdings Ltd
The Irish-based leading global aircraft leasing company, also launched its IPO last week; the time was Friday, the place was NYSE.
As a company that focuses on acquiring, managing and selling commercial aircraft, the competition is vast, leaving the price of its initial public offering of 13,636,363 common shares at of $20 per share, below the expected $21-$23 range.
Shares for Avolon dropped on the first day to $18.06 and now stand at $18.42.
Avolon have 48 airlines and 236 aircraft with company revenues rising by 107,580 for the past year since September 2013.
Revenue table for Avolon
Trade stock CFDs on STOCK.com with full training given to all clients