I’ve been watching both Longtop Financial (LFT) (Initially priced at US$17.50; reached $35.22 during the second day of trading; closed this week at $19.81) and VanceInfo (VIT) (Initially priced at US$8.50; immediately jumped to $9.50 when it opened; closed this week at $8.79) to try and get a sense of how the markets were valuing the Chinese outsourcing firms.

It’s good to see that both companies are trading above their initial offering price (this hasn’t always been the case over the past few months).  I wonder if the relative stability of the valuations will encourage some of the other vendors (hiSoft and iSoftStone) to take the plunge.  iSoftStone, in particular, has been beefing up their senior management team, and could be making preparations for some sort of an event.

Technorati Tags:  China, China Outsourcing