Qunar (QUNR) Stock - Buy or Sell?

Qunar (QUNR)  - Buy or Sell?   Qunar (QUNR) is a buy below $25, sell above $30.

Qunar (QUNR) stock opened on Friday and rallied big but dropped throughout the day.  Shares of Qunar (QUNR) opened around $33 but closed down in the $28's.  Should you buy QUNR?  QUNR is an interesting China stock but the stock opened way to high.  QUNR might even drop as low as $25-$26 before any major bounce.  I like IPO's that open somewhat near the pricing point ( like WUBA or VJET ) but QUNR opened up over 100%.  I would avoid this stock unless we see a major dip.

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Qunar.com (QUNR) IPO Date - October/November 2013

The Qunar.com (QUNR) IPO is coming soon and while an actual date hasn't been announced yet, the company filed for an IPO yesterday.  Qunar.com is partially owned by Baidu.com (BIDU) and will open for trading under the ticker symbol "QUNR."  Qunar.com (QUNR) stock could be the hottest IPO in 2013 if everything goes as planned.  We haven't seen a hot Chinese IPO for awhile so it will be interesting to see how the stock market receives this new issue.  Qunar (QUNR) hopes to raise $125 million in the offering but will likely raise more due to strong demand.

Underwriters - Goldman Sachs, Stifel, Deutsche Bank

Qunar.com is a website that lets consumers compare travel and hotel information.

Other Hot IPO's

PBIB - http://daytradingstockblog.blogspot.com/2013/09/potbelly-pbpb-ipo-to-open-in-october.html

RMAX - http://daytradingstockblog.blogspot.com/2013/09/remax-rmax-ipo-to-open-in-october-2013.html

IPO's next week - http://www.blackberrystocks.com/ipos2013.html

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