NEW YORK (
-- Many Chinese IPOs have seen success in the aftermarket, and
Mecox Lane Limited
, which debuted on the Nasdaq exchange Tuesday was no exception.
The Shanghai-based online apparel retailer priced an offering of 11.7 million shares at $11 each, and saw the stock rocket almost 60% to close at $17.26.
Mecox's surge follows the market's warm reception of
Country Style Cooking Restaurant
, the Chinese fast food chain that began trading at $24 in September and currently changes hands at roughly $34 a share for a gain for 38%.
Another example is
China New Borun
(BORN - Get Report)
, which sells alcoholic beverages. The company went public in June at $7 per share and the stock now trades at around $16, a whopping 140% gain.
Then there's the rare earth mineral company
, that has soared to $35 from its original price of $12.
But with every IPO success story, Chinese or no, there seems to an equally dismal offering.
One such name is
, a pharmaceutical company that launched in August at $10 a share and has sunk to $6.
hasn't fared much better as it dropped from an initial $5 a share to $4 for a 20% decline.
But it's not just small drug companies that have fallen flat.
(SMT - Get Report)
went public at $17 and has tumbled to $13.50, also a 20% loss.
So investors need to do a little homework if they want to informed decisions about these IPOs. Here are this week's offerings and their chances of success.