Qunar Announces Offering of American Depositary Shares
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Summit Research Remains Bullish Towards Ctrip.com (CTRP) Ahead of Possible Price War with Qunar (QUNR)
June 3, 2015 7:13 AM EDTSummit Research reiterates a Buy rating and $122.00 price target on Ctrip.com (NASDAQ: CTRP) after analysis shows CTRP coming out on top if price war intensifies. CTRP shares were pressured due to concerns of a price war between CTRP and Qunar (NASDAQ:... More
Summit Research Downgrades Qunar (QUNR) to Hold
June 2, 2015 8:15 AM EDTSummit Research downgraded Qunar (NASDAQ: QUNR) from Buy to Hold with a price target of $50.00 (from $52.00), saying competition is likely to intensify as the company rejects Ctrip's buyout offer and raises roughly $850 million.
Analyst Henry Guo commented, "While we have expected the market... More
Qunar (QUNR), Silver Lake Announce $500M Investment Round
June 2, 2015 6:01 AM EDTQunar (NASDAQ: QUNR) and Silver Lake, the global leader in technology investing, today announced that Silver Lake has led a strategic investment round totaling $500 million in the company in the form of 2% Senior Unsecured Convertible Notes with an initial conversion price of $55 per ADS. Silver Lake has made... More
Qunar (QUNR) Announces 8M ADS Offering
June 2, 2015 5:59 AM EDTQunar (NASDAQ: QUNR) announced the commencement of a registered public offering of its American Depositary Shares (the "ADSs"), each representing three Class B ordinary shares, par value US$0.001 per share (the "Ordinary Shares"), by the Company.
The Company is offering an aggregate of 8,000,000 ADSs, representing 24,000,000 Ordinary Shares,... More
