‘Craigslist Of China’ On New York Stock Exchange

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Posted 3 years ago

HR

China-transparentIt is referred to as the “Craigslist of China”, 58.com, who will be holding their first public offer of 11 million (ADS) American Depository Shares. The shares are selling at $17 dollars each today via the New York Stock Exchange. 58.com shares will have a ticker listing of “WUBA”.

The proceeds from the IPO of the 58.com company will be used for product development. Mobile apps will also be a focus for the “Craigslist of China”. 58.com already have had success with blue-collar worker jobs that are posted short-term. The company wants to start to make location-based mobile apps so as to make speedy connections with job seekers.

Rich Casale

HR

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