Changyou.com IPOs and Keeps Strong

ChangYou.com writes MMORPGs, but specifically they wrote the popular, Demi-Gods and Semi-Devils (天龍八部), based on the novel of the same name by one of the most famous Chinese novelists, Jin Yong (金庸).

Well, it seems that out of this year’s IPO starts, Changyou is actually doing fairly well opening the public share price of $19USD and now stabilizing around $25USD. It seems that the parent company Sohu, another Internet favorite, sold half of the shares. Currently, it’s doing fairly well in a weak market although they’re going to need more than Tian Long Ba Bu to actually last out the weak markets. But the opening perhaps was a sign that it isn’t all downhill globally since ADR stocks have not been weathering the storm very well and have fluctuated all over the board in the past six months.