A New China IPO To Care About: iSoftStone (ISS)

ISoftStone ISS priced its IPO at $13, at the high end of the $11-$13 expected range. ISS is a Chinese based IT services company, which was founded in 2001 and serves clients around the world, except for Africa. Shares are currently trading at around $17 per share, up 33% from its IPO. The company is most focused on building customer relationships in China, as well as the global market, including the U.S., Japan, and Europe.