Global Sources began trading on NASDAQ following a reverse merger with the listed shell of the Fairchild Corporation, an aviation component manufacturer. It was a volatile first day coinciding with the rapid deflation of the dot com bubble. No shares traded on 14th April 2000. As one would expect, there have been some fairly extreme highs and lows in the past decade. GSOL’s share price dropped under US$1.80 following the 9/11 terrorist attacks. More recently in October 2007, Global Sources traded over US$30 in the lead up to the Hong Kong IPO of Alibaba.com.
In the past ten years, revenues have more than doubled rising from approximately US$90 million to a high of US$207 million in 2008. In the same period, RFIs (requests for information), which are a measure of buyer activity on the company’s flagship website, have skyrocketed from just over 2 million in 2000 to an incredible 136 million last year! Source: Business Strategies Group Hong Kong