>>After 21Vianet (VNET) completed its IPO at $15 ($2 above the high end of the proposed range) and its shares jumped to over $21 on their first trading day, I wrote a brief article wondering if 21Vianet's multiples were sustainable.
To my surprise (I'm really very bad at predicting short term stock movements), the stock declined since its peak and is now trading closer to its IPO price, at about $ 15.50.
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