i-Cable Communications, the Internet service arm of Hong Kong cable operator Wharf Holdings Ltd, soared 38 percent in its Nasdaq IPO.
i-Cable (ICAB) raised $486 million by issuing 18 million American Depositary Receipts (ADRs) at $27. The company's ADRs reached as high as $37 1/2 per share before closing the day at $34 1/8.
InternetNews Realtime IT News - Wharfs i-Cable Jumps 38 Percent in ::
i-Cable Communications, the Internet service arm of Hong Kong cable operator Wharf Holdings Ltd, soared 38 percent in its Nasdaq IPO.
http://www.internetnews.com/bus-news/article.php/245421HOME |
The cable Internet operator dual-listed in the United States and Hong Kong. In its home turf, i-Cable increased more that 50 percent on the Hong Kong Stock Exchange.
Business News for IT Managers::
Wharfs i-Cable Jumps 38 Percent in Nasdaq IPO. By Hans Lombardo. November 25, 1999 cable operator Wharf Holdings Ltd, soared 38 percent in its Nasdaq IPO.
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