(IPO article updated with Daqo New Energy postponing.)NEW YORK ( TheStreet) -- Initial public offerings are continuing on their losing streak. China Electric Motor ( CELM) made its debut on the Nasdaq today after pricing shares at the bottom of its expected range. The Chinese maker of parts for household appliances, autos and consumer devices sold 5 million shares for $4.50 each, to raise $22.5 million. In December, the company hoped to get between $6 and $7 a share, cut its asking price twice before the IPO was finalized. On Thursday, IFM Investments ( CTC), also known as Century 21 China, priced 12.5 million shares at $7 each. It originally hoped to raise $162 million and price shares between $8.75 and $10.75 a share. While shares gained on its first day of trading, on Friday it is trading down 2.8% to $7.09. HealthPort withdrew its IPO, citing unfavorable market conditions, and FriendFinder and Daqo New Energy postponed their deals. Andatee China Marine Fuel Service ( AMCF) priced shares at the low-end of its expected range earlier in the week. Several other companies, including BG Medicine and Ironwood Pharmaceuticals announced IPO plans. Ironwood expects to come to market on Feb. 3. -- Reported by Jeanine Poggi in New York.
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