World’s largest condom maker pops on debut

When it comes to IPOs, sex may sell better than the internet, with shares of the world’s largest condom maker — Karex popping more than 30 percent on their debut, while Twitter’s offering faces an uncertain reception.

Karex, which has around 10 percent of the global condom market, saw its shares surge as high as 2.50 Malaysian ringgit, or around $0.79, on its Malaysian debut, up from its 1.85 ringgit offering price. The stock closed at 2.45 ringgit.

Meanwhile,Twitter’s trading debut, set for Thursday, is facing some skepticism among analysts who are worried it may suffer the same fate as social media peer Facebook’s ill-starred IPO last year. That IPO not only failed to pop on its first day, but proceeded to lose more than half its value over the next four months. This is the condom industry’s first IPO in the stock market.

More news pls read the original news: http://www.cnbc.com/2013/11/06/worlds-largest-condom-maker-pops-on-debut.html

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