Where did the online market skyrocket?

Qunar.com was listed on the US Nasdaq on November 1st, Eastern Time. The closing price of the day was 28.4 US dollars, up 89.33% from the issue price of 15 US dollars. The prospectus shows that where to go to the net in the second quarter of this year, a net loss of 41.21 million yuan, since the first quarter of 2011, where to go to a total loss of 154 million yuan network, but this does not cover up where online market time is wonderful which performed. Based on the closing price of 28.4 U.S. dollars, where is the network's valuation of more than 3 billion U.S. dollars, where the network founder Zhuang Chenchao after the company listed on the stock ratio of 6.49%, into billions of dollars in the ranks of the rich.

It is reported that Ninenet submitted an IPO prospectus to the Securities and Exchange Commission (SEC) on October 1st and decided to list on the NYSE (later changed to NASDAQ). The stock trading code is “QUNR”, and it can raise up to 125 million yuan. Dollars. On October 19th, where to update the IPO IPO prospectus, the issuance price range is set at US$9.5 to US$1.15 per US ADS and the maximum funding is US$147 million. At the end of October, where to go again to update the prospectus, the issue price range will be raised to 12 US dollars to 14 US dollars, the maximum will be financing 156 million US dollars. On November 1, the local IPO issue price was set at US$15. Where to publish 11.1 million shares of ADS, after the issue price was raised to US$15, the financing scale will reach US$167 million.

Baidu is now the largest shareholder of where to go to the network, where the success of the network can not be separated from the support of Baidu this major shareholder. The prospectus shows that there has been a lot of capital exchanges between WhereNet and Baidu, a major shareholder, Baidu has repeatedly provided loans to Qunar for the past year, totaling US$65 million. In November 2012, Qunar.com received a $5 million interest-free loan from Baidu. In the same month, Qunar.com also received a loan of 100 million yuan in Baidu principal amount to meet temporary cash requirements. In December 2012, Qunar.com received another interest-free loan with Baidu’s principal amount of RMB 50 million (approximately US$8.1 million). In April 2013, Qunar.com received a $11.20 million interest-free loan from Baidu. In April 2013, Qunar.com received an interest-free loan with Baidu principal amount of RMB 100 million (approximately US$16.3 million). In September 2013, Qunar.com received an interest-bearing loan from Baidu with a principal amount of 50 million yuan (about 8.1 million US dollars).

In this regard, analysts pointed out that where the online market rose 89.33% on the first day, is expected to drive the rise of the A-share online travel concept stocks, the main business is similar to the A-share listed companies to where the net or November's "big Gold mine." Related concepts such as CYTS, No. 100 Holdings, Tembang International, etc.

Among them, China Youth Travel Company is one of the three major travel agencies in China, and the tourism routes it operates basically cover all mainstream tourism products on the market. Since 2000, it has been in the top three positions of the top 100 Chinese travel agencies. CYT’s CYTS Travel Network provides services through the Internet.

Tengbang International: According to the statistical data of Alexa's latest data from the strength think tank, from January 1 to November 30, 2012, China’s online travel website user coverage ranked, and Tengbang International ranked 21st. Trapeze Networks, a subsidiary of Tembang International, also provides services through the Internet.

No. 100 Holdings: According to the statistical data of Alexa’s latest data from the strength think tank, from January 1 to November 30, 2012, China’s online travel website users’ number of visits ranked No. Baiyi Tour ranked No. 2 .