Sino-Global Shipping (SINO) IPO Surges Higher
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Sino-Global Shipping America, Ltd. (Nasdaq: SINO) IPO opens for trading. The stock is trading at $15.45 after pricing 1,229,032 shares at $7.75 per share.
Of the 1,229,032 shares sold in the offering, all of the shares were sold by Sino-Global.
Registered in the United States in 2001 and operating in Mainland China, Sino-Global is a leading, non-state-owned provider of high-quality shipping services. With local branches in five of China's 76 ports and contractual arrangements in all those where it does not have branch offices, Sino-Global is able to offer efficient, high-quality services to shipping companies entering Chinese ports.
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