Better Chinese IPO: Best Inc. vs. Secoo Inc.

Two Chinese companies, Best (NYSE: BSTI) and Secoo (NASDAQ: SECO), both recently went public in the US with mixed results. Best originally planned to sell 62.1 million shares between $13 to $15 per share, but soft demand caused it to revise the offering to 45 million shares at $10. The stock now trades marginally higher at about $11.

Secoo priced its initial offering of 8.5 million shares at $13, but it seemingly overestimated investor demand, and the stock plunged to about $7 per share over the following weeks.

Investors don't seem excited about either of these stocks, but I think that they deserve a closer look.

Source: Fool.com