Dangdang CEO microblogging investment bank accused of cursing the valuation is too low

 Li Guoqing, CEO
Dangdang started microblogging on Saturday to Li Guoqing said in micro-Bo, the investment bank's valuation is too low to Dangdang, his previous listed on the NYSE in the U.S., the day of opening for the $ 24.5, representing the issue price rose 53%. Credit Suisse and Morgan Stanley is the IPO's lead underwriter.

Li Guoqing from the start on Saturday to vote on-line micro-Bo to and investment banks out of resentment. He said the investment banking business was to get to Dangdang $ 1,000,000,000 -60 billion valuation, but to write the prospectus in Hong Kong only gives $ 700 000 000 -8 billion valuation. The investment bank knew the market value of the next day will be opened Dangdang 20 billion, still only the issue price set at $ 16 per share, so the valuation discount Dangdang.

yesterday, Li Guoqing continue to micro-Bo and Morgan Stanley employees claiming to be a woman (support, He also mentioned the year when the share price listed Baidu has been underestimated, and that he

in the shareholding structure of Dangdang, Li Guoqing, Yu Yu couples accounted for 37.09%.

Analyst: Dangdang is not a case

one analyst, told reporters yesterday that the company IPO funds raised only to finalize the issue price is calculated, rather than listing Price first day. Dangdang finalize the issue price and the closing price listed on the first day of a wide gap, so that Li Guoqing that Dangdang had to raise more funds. But he said the situation from the past, Goldman Sachs, Morgan Stanley and other international investment banks underwriting gains after the stock market many are more

another industry called on the underwriters, the more money raised, the more the underwriting commission, this point, the underwriters deliberately suppressed Dangdang worthwhile price.

Li Guoqing comments on the micro-blog attracted a large number of netizens Kai-fu Lee advised in the micro-Bo Li Guoqing and investment banks in the staff sides

as of press time, Morgan Stanley could not be reached. Dangdang also said the matter did not understand, but said Li Guoqing microblogging is indeed maintained by him. (Xinhua Shen Wei Qing Yang Miao)