ChinaCache IPO hails a big success

Internet service provider raises $84 million in Nasdaq initial public offering

NEW YORK - Investors' optimism soared high as Beijing-based ChinaCache International Holdings made its United States market debut on Friday, raising $84 million on the Nasdaq.

Shares of the top Internet service provider company, whose clients include China Mobile, Sina and Alibaba Group, surged as much as 95 percent during the initial public offering (IPO).