US Stock Market Move | CSRC approves Xunlei's innovative IPO registration on the Science and Technology Innovation Board, and Xunlei Ltd. ADR (XNET.US) soars over 50%.
On Thursday, Xunlei (XNET.US) soared more than 50% at the opening, closing at $4.33.
On Thursday, Xunlei Ltd. ADR (XNET.US) soared over 50% at the opening, reaching $4.33. In terms of news, on February 27th, the China Securities Regulatory Commission issued a reply to approve the first public offering of shares by Impact Stone Innovation Technology Co., Ltd. Impact Stone Innovation is planning to list on the Shanghai Stock Exchange Science and Technology Innovation Board. According to the prospectus, after Impact Stone Innovation's IPO, Hong Kong Xunlei Ltd. ADR will hold a 7.8398% stake.
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