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E-commerce firm LightInTheBox (NYSE: LITB), the only major Chinese company to list in New York this year, is learning that Wall Street can be a volatile place, following the release of its maiden earnings report that showed slowing growth. Meantime, another much smaller Chinese micro-lender called China Commercial Credit (Nasdaq: CCCR) is making a similar discovery following a strong reception for its own microscopic New York IPO last week. Read Full Post…
It’s a relatively slow day for financial news, so I thought I’d take a look at a very low-key IPO getting ready to launch in New York by a small Chinese microlender named China Commercial Credit. This particular offering is so small, set to raise about $18 million, that it normally wouldn’t be worth mentioning. But what’s interesting is that this is the first US listing of this size that I’ve seen by a Chinese lender, and could perhaps auger a wave of similar listings by a new generation of private Chinese banking firms. Read Full Post…
