China Digital TV Holding Co. (STV) Continues Meteoric Rise
China Digital TV Holding Co.'s shares spiked 75 percent in their first day of trading on Friday, as investors embraced the company's initial public offering on the promise of China's growing digital television market.
The stock closed Friday at $28, a 75 percent increase over the IPO price of $16 per share. It traded as high as $35 -- more than double the offering price -- early in the session.
China Digital TV provides systems that allow digital television network operators in China to control their subscribers' access to content and services, such as on-demand viewing and pay-per-channel programming.
Analysts have touted the huge growth potential of the company's Chinese market, which has been spurred by a government-initiated transition from analog to digital television transmission.
The stock closed Friday at $28, a 75 percent increase over the IPO price of $16 per share. It traded as high as $35 -- more than double the offering price -- early in the session.
China Digital TV provides systems that allow digital television network operators in China to control their subscribers' access to content and services, such as on-demand viewing and pay-per-channel programming.
Analysts have touted the huge growth potential of the company's Chinese market, which has been spurred by a government-initiated transition from analog to digital television transmission.
Labels: China Digital TV Holding Co., STV
posted by Stock Administrator @ 11:38 PM
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