Comment by zhoutong

It's a hugely underpriced IPO in a bubble (Tech stocks average P/E is over 100). +/- 10% is the price limit in Chinese stock markets.

So rather than having a price jump, this stock continues going up with little volume, until the "real market price" is reached.

Edit: It's oversubscribed by almost 300 times. http://mobile.reuters.com/article/idUSL3N0WI22B20150316?irpc...