Longtop Financial Technologies Limited (LFT)

There are only two more Chinese ADRs slated to debut this October. Be on the lookout for Longtop Financial Technologies Limited (LVT)

-Pricing on Oct 23 ($12-$14 range), public trading on Oct 24 (10.4mm shares offered):
Longtop Financial Technologies Limited (Longtop) is a software developer and information technology (IT) services provider targeting the financial services industry in China. It was founded in 1996, and in the last twelve months ending 6/30/07, it had revenues of $50 million and a net income of $13 million. It is seeking to raise 150 mm or so for the purchase of a building, general operations, and strategic acquisitions.

-View its roadshow presentation: http://www.retailroadshow.com/links/show.asp?c=IPOHLFT

-Check out its SEC filings: http://www.sec.gov/cgi-bin/browse-edgar?company=LongtopFinancial

-This past year, Chinese ADRs have performed differently than domestic IPOs on average. The return in a two month period on average is large and positive, whereas for domestic IPOs it is on average negative.