initial public offerings (IPOs) trading on American exchanges

Thursday, May 21, 2015

Baozun (BZUN) began trading on the NASDAQ on 21 May 2015

  • Alibaba Group (NYSE:BABA) holds an 18% stake in BZUN

Baozun, which helps brand partners execute e-commerce strategies, priced at 10, below its expected range of 12 to 14. It offered 11 million shares, raising $110 million. The consensus was that Baozun was priced above investors' comfort level. The stock closed at 10.44, up just 4.4%.

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