蘭亭集勢登陸紐交所 首日大漲22%
LightInTheBox Holding Co., the first Chinese company to list in the U.S. this year, made a solid public-market debut, jumping 22% in its first day on the New York Stock Exchange.
今年首家赴美上市的中國公司蘭亭集勢(LightInTheBox Holding Co.)在公開市場的首次亮相表現不俗，在紐約證券交易所掛牌首日股價大漲22%。The stock is being watched for signs that U.S. investors are ready to buy Chinese companies again and whether U.S. banks would be wise to bring more of them to market. Other potential listers are waiting in the wings.
這隻股票受到關注，人們希望從中得知美國投資者是否準備好再次購買中國公司的股票，以及美國銀行業將更多中國公司帶到美國市場是否明智。其它可能上市的公司正在焦急等待中。The market for U.S. listings of Chinese stocks collapsed last year amid a host of concerns, including accounting and governance practices, growth in China, and concerns that Chinese companies had become overvalued.
去年，中國公司赴美IPO的市場崩潰，原因是投資者有諸多不放心，如公司會計和治理方式、中國經濟增長以及擔心中國公司被高估等。
The Beijing-based company, which sells inexpensive Chinese-made goods ranging from fishing rods and wedding dresses to customers mostly in other countries, had priced its IPO at $9.50, the middle of its projected range, valuing the company at $465 million. It raised $79 million.
位於北京的蘭亭集勢主要是出售從釣魚竿到婚紗等中國生產的廉價商品，買家多爲其它國家的客戶。該公司發行價定在9.50美元，位於指導區間中端，公司估值爲4.65億美元，這次籌集到7,900萬美元的資金。In 4 p.m. trading, LightInTheBox Holding gained $2.11, to $11.61. The average U.S.-listed IPO has risen 10% in its first day of trading. The top pop of the year was Marketo Inc., MKTO -1.89% which jumped 78%.
下午4點收盤，蘭亭集勢上漲了2.11美元，至11.61美元。在美國IPO的公司上市首日平均漲幅爲10%。今年漲幅最高的是營銷軟件公司Marketo Inc.，上市首日大漲78%。The debut was the end of a long journey, according to co-founder and Chief Executive Alan Guo, a former Google China executive. The company first filed confidentially, as foreign filers for U.S. listings have long been able to do, back in 2011, he said.
蘭亭集勢聯合創始人、首席執行長、谷歌中國(Google China)前高管郭去疾(Alan Guo)表示，上市標誌着一場漫長旅途的結束。他說，蘭亭集勢最先在2011年祕密提交了上市申請文件，外國公司申請在美上市一直以來都可以這麼做。When the company finally launched its IPO last week, Mr. Guo said he and his team traveled to London and several U.S. cities over the course of two weeks. This is longer than the typical one-week roadshow. Credit Suisse Group AG -3.34% and Stifel Financial Corp. SF +1.24% were the lead investment banks on the deal.
郭去疾說，蘭亭集勢上週終於啓動了IPO，他和他的團隊在兩週時間裏去了倫敦和美國幾個城市。這比一般爲期一週的路演時間要長。瑞士信貸集團(Credit Suisse Group AG)和Stifel Financial Corp.是蘭亭集勢IPO的牽頭投資銀行。'A lot of one-on-one, face-to-face meetings gave us the chance to clarify questions they may have with the company,' he said. Part of what was discussed was the company's governance practices and accounting procedures, he said.
郭去疾說，開了很多一對一、面對面的會，這讓我們有機會好好解釋他們可能想了解的有關公司的一些問題。他說，討論的內容之一是公司的治理方式和會計程序。'As a publicly traded company, we need to prove to investors with our performance, and we also need to be very strict and keep on improving on all aspects of corporate governance,' Mr. Guo said.
郭去疾說，作爲上市公司，我們要以自己的表現向投資者證明，而且在公司治理的各個方面都要非常嚴格，不斷提高。The stock has reversed the poor pricing trends of the last several Chinese IPOs. There were only two in 2012, flash-sales retailer Vipshop Holdings Ltd. VIPS +2.97% and social-networking and gaming company YY Inc. YY +0.59% Vipshop priced below range and YY at the bottom. Vipshop fell 15% in its first day last March, and YY rose just under 8% in its debut last November.
蘭亭集勢扭轉了中國公司上幾次IPO定價疲軟的趨勢。2012年只有兩家中國公司在美國上市，分別是發行價低於指導區間的限時特賣零售商唯品會(Vipshop Holdings Ltd.)和發行價位於指導區間低端的社交網站、遊戲公司歡聚時代(YY Inc.)。唯品會去年3月上市第一天便大跌15%，歡聚時代去年11月掛牌首日漲幅接近8%。Vipshop has soared 436% since its initial public offering, while YY has climbed 143%.
上市以來，唯品會股價飆升了436%，歡聚時代上漲了143%。Mr. Guo said his experience with investors suggested the market was ready again for more Chinese companies, at least in the tech and Internet sectors.
郭去疾說，通過與投資者打交道，他感覺市場已爲迎接更多中國公司做好了準備，至少對科技和互聯網公司是這樣。'In the long run, China, with a lot of innovative, entrepreneurial Internet companies…will be a good match to the U.S. public stock markets that understand the Internet as an industry,' he said.
他說，長遠來看，在大量富於創新、有企業家精神的互聯網公司的推動下……中國與瞭解互聯網行業的美國股市將成爲不錯的搭檔。
