Following the recent lead of Ctrip in December and Shanda in May, China's e-commerce sector has started to make successful inroads into the US IPO market. Over the coming few months a new wave of internet companies are preparing US listings and for bankers and investors alike, they may mark a welcome diversification from the ubiquitous portals and SMS operators that have been listing in the US since 2000.
International fund managers may find the upcoming pipeline much easier to understand because the companies operate online versions of more traditional business models that have already proven their worth in the US and Europe. The three companies at the top of the...
