with Nicole Bullock
China’s premier job-hunting site got an impressive raise in its first day as a public company in the US, as its stock closed up 8.5 per cent on their debut day of trading.
Zhaopin, whose name means “recruit,” is a LinkedIn-like site for professional networking and job seeking. Its shares closed at $14.65. It had priced its offering of 5.6m American depositary shares at $13.50 each – the middle of an indicated range of $12.50 to $14.50. That means it raised a total of about $76m, excluding an over allotment option. Read more