Internet IPOS: Dang Dang, YoukKu, MakeMyTrip trade at double their stock offering prices
Coleman has invested in other Internet companies, including LinkedIn Corp., E-Commerce Dang Dang Inc. /quotes/comstock/13*!dang/quotes/nls/dang (DANG 30.25, +0.11, +0.37%) and YouKu.com Inc. /quotes/comstock/13*!yoku/quotes/nls/yoku (YOKU 31.86, +0.21, +0.65%) , according to Bloomberg News.
Dang Dang and Youku, two Chinese Internet companies, completed IPOs in December in the United States. Youku has more than doubled from its IPO price of $12.80, while Dang Dang recently traded above $30; its offering price was $16.
Tiger Global is also listed as the largest shareholder of MakeMyTrip Ltd. /quotes/comstock/15*!mmyt/quotes/nls/mmyt (MMYT 29.75, -0.23, -0.77%) , a big travel-booking website in India. The company completed an IPO in the United States in August; it’s more than doubled from the offering price of $14.