This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top IPOs of 2010 Share China as Theme

MakeMyTrip (MMYT - Get Report) may be off its highs, but the Indian travel-destination provider has continued to hold much of its gains. Shares priced at $14 in August. At $33.85, it's up more than 140% from the IPO price. The stock has been as high as $42.

Molycorp (MCP - Get Report) is the come-from-nowhere IPO that does not even have real operations. The U.S. "rare earth" company won't even have full operations until the end of 2011. China's limit in rare-earth materials, along with a new rare earth ETF, give this one a floor. Molycorp traded under its $14 IPO price and soared to $40 briefly. It's now at $33.75.

AutoNavi (AMAP) is a Chinese company that provides global positioning and navigation services for cars. That has kept its cell-phone and smartphone competition more limited compared with Garmin (GRMN) in the U.S. AutoNavi went public July 1 in the peak-selling week of summer, and shares are up over 70% at $21.55 versus its $12.50 IPO price. The low was $12.62.

The China, or Asia, theme is hard to ignore among the top IPO winners. These 100%-plus gainers are impressive.

-- Written by Jon C. Ogg of 24/7 Wall St.

24/7 Wall St. is an independent financial news and and opinion Web site focused on the U.S. and global equity markets. The site covers topics ranging from stock and sector news and market commentary to financial analysis and industry research. 24/7 Wall St.'s articles are published by the leading financial networks, including TheStreet, Marketwatch, AOL's Daily Finance, Morningstar, Smart Money and Yahoo! Finance.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AMAP $20.90 -0.14%
BORN $1.18 0.00%
JKS $27.93 0.00%
MCP $0.80 0.00%
MMYT $22.41 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs