Whole Network Most Recent TOP10 Entrepreneurship Innovation Private Equity Venture Capital

 

3NOD Becomes First China Firm to List IPO in Korea

Filed in archive IPOs by Greg Cruey on August 21, 2007

3NOD Electronics has become the first company based in China to list an initial public offering on the Korea Stock Exchange. The Shenzhen-based company makes speaker systems and other audio products, according to Engaging China, and has become company from any foreign country to list an IPO on the KOSDAQ, Korea's main securities exchange.

The streets of Seoul...


According to the Shenzhen-based company, 3NOD's IPO is a part of an effort to take the company deeper into the international market.

Korea relaxed regulations to allow foreign companies to list themselves on Korea's stock market in 2005. Chinese companies have taken the world's stock markets by storm this year, listing IPO's in New York, London, Osaka, Singapore, Frankfurt, and now Seoullinks.

3NOD was established in 1996. It had operating revenues of $48m in 2006. According to Korea Law Dot Com shares of 3NOD traded for the first time on Friday, August 17, and opened at 3000 won (about $3.16 US) - 20% higher than the IPO price. But the end of trading that day they had climbed to 3450 won (about $3.65).


Advertisement


Permalink: 3NOD Becomes First China Firm to List IPO in Korea
Tags: 3NOD  Korea  IPO  China  Shenzhen  china  first+china  china+firm 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/87474



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
  • ChinaVentureNews seeks news contributions



    If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

    CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

    Thank you!

    Please simply use our form here.
Advertisement -
Book yours here..


 
Advertisement
Book yours here.



  • Testimonials

  • 'Exactly what I am looking for.'

    "One of my favorite blogs."
  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
Tagcloud: Agreement Blogs Book review Commodities Conferences Entrepreneurship Incubators and Science Parks Information Sources Innovation Internet IPOs Law M&A Mergers and Acquisitions News Outsourcing Policy Private Equity Sovereign Wealth Funds Sponsored Post Stocks Studies Technology Report Treatment VC and PE: education and training Venture Capital Yuan Renminbi