SouFun Holdings, Ltd., a leading real estate Internet portal based in Beijing, China, opened for trading today on the New York Stock Exchange under the ticker symbol “SFUN” after its successful initial public offering in which it raised a total of $124.7 million in gross proceeds. Chairman and CEO Vincent Tianquan Mo, joined by members of SouFun’s management team, celebrated the company’s first day of trading on the NYSE by ringing The Opening BellSM.
“SouFun Holdings is a leading internet technology company and a welcome addition to our premier network of NYSE-listed companies,” said Scott R. Cutler, EVP and Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. “The successful initial public offering of SouFun demonstrates the continued interest by U.S. and global investors in Chinese companies. We look forward to a long-standing partnership with SouFun and its shareholders.”
NYSE Euronext Chief Operating Officer Larry Leibowitz speaks with SouFun Holdings' Chairman and CEO Vincent Tianquan Mo on the floor of the New York Stock Exchange - link: http://www.nyse.com/about/Video/1284717741486.html.
SouFun Holdings is one of several China-based companies to go public and list on NYSE Euronext markets in recent months, including China Kanghui (NYSE: KH), Ambow Education Holdings Ltd. (NYSE: AMBO) and Camelot Information Systems Inc. (NYSE: CIS).