IPO Sector Review: Todou and NeQin to Present Soon
NetQin Mobile Inc. (NYSE:NQ) gains ahead of their Analyst and Investor meeting to be held in Las Vegas to be held in January 11 at 7 pm. The shares closed at $6.96, up $0.73, or 11.72% on the day. The stock is $4.54 or 39.48% lower than IPO price of $11.50.
Tudou Holdings Ltd. (NASDAQ:TUDO) shares jumped prior to the Access China Conference is being held in Beijing, China on January 8-10. The shares closed at $9.57, down $0.93, or 8.86% on the day. The stock is $19.43 or 67% lower than IPO price of $29.00.
ZELTIQ Aesthetics (NASDAQ:ZLTQ) fell after the firm announces that its CFO has retired and will be replaced internally. The shares closed at $11.16, down $1.05, or 8.6% on the day. The stock is $1.84 or 14.15% lower than IPO price of $13.00.
Due to commercial manufacturing challenges, which Pacira Pharmaceuticals (NASDAQ:PCRX) is confident it can address, the company projects product availability in April 2012, by which time Pacira expects it will have manufactured sufficient product to meet customer demands at launch. The shares closed at $7.99, down $0.51, or 6% on the day. The stock is $0.99 or 14.14% higher than IPO price of $7.00.
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