Soars in IPO

Toll Bros. shares drop; S&P announces a number of index changes; plus more of Friday's stocks in the news

American depositary shares of of China-based Internet outfit (BIDU) rocketed higher in their first day of U.S. public trading. An initial 4 million ADSs were offered at $27 per ADS; the closing price on Friday was $123.90.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.