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Internet service provider ChinaCache sees big success for IPO

October 06 2010

Investors' optimism soared high as Beijing-based ChinaCache International Holdings made its United States market debut on Friday (October 1), raising US$84 million on the Nasdaq. Shares of the top Internet service provider company, whose clients include China Mobile, Sina and Alibaba Group, surged as much as 95 percent during the initial public offering (IPO).