Jumei International IPO Accelerates, TrueCar Stalls

By | May 16, 2014

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Chinese online beauty products retailer Jumei International (JMEI) put on its best face Friday for its initial public offering. Jumei sold 11.14 million shares at 22 each, above the high end of its expected range, raising $245 million. Jumei stock opened at 27 then settled back near 24 in midday trading on the stock market today. In a second IPO Friday, TrueCar (TRUE) sold 7.77 million shares at 9, below the expected 12-14 range. TrueCar stock was Scalper1 News

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