Wall Street Beat: China Tech IPOs Create US Buzz

Chinese tech companies are once again creating U.S. IPO market buzz, with social-networking site RenRen going public Wednesday, software security vendor NetQin Mobile launching Thursday, and several more companies set for public offerings next week.

RenRen, dubbed "the Facebook of China," made a big splash, raising US$743 million with its IPO on the New York Stock Exchange. In what was one of the more highly anticipated Chinese IPOs of the year so far, shares skyrocketed almost 71 percent up from the initial offering of $14.00 Wednesday to settle down at $18.00. Read more...