Fidelity Discloses 17.6% Stake in Dangdang Inc.

In a 13G filing out over the past few minutes with the Securities and Exchange Commission, Fidelity has disclosed an 17.6% stake in E-Commerce China Dangdang Inc. (DANG), China’s largest online book retailer.

Dangdang went public in the US last month with a listing on Nasdaq and carrying a $1 billion valuation.

DANG opened this morning at $27.47. So far today the stock has hit a low of $26.69 and a high of $27.50. As of 1:45 pm est, DANG is trading at $29.23 up $1.52 (5.49%).

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.