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RUHN - Why Investors Are Skeptical Of Ruhn Holding
Ruhnn Holding Limited
Chinese company Ruhn Holding Limited (NASDAQ:RUHN) went public last Wednesday, and has struggled mightily over the last week. It first lowered its expected IPO total from $200 million to $125 million. After debuting at a share price of $11.50, Ruhn’s has fallen in value over the last several days, closing Monday’s trading at just $7.05.
Some investors may look at Ruhn’s struggles and believe that there is an opportunity to buy low. But Chinese IPOs into the United States have a mixed record at best, and there are multiple reasons to be