5 Tech Stocks Under $10 That Are Poised To Explode

3. SouFun Holdings Ltd (NYSE:SFUN)

Investors with Long Positions (as of June 30): 33

Aggregate Value of Investors’ Holdings (as of June 30): $400.94 Million

Two more hedge funds observed by our team had SouFun Holdings Ltd (NYSE:SFUN) in their portfolios at the end of the latest quarter than they did on March 31, while the value of their investments in the stock was up by $115.97 million. The operator of the biggest real estate portal in China is set to receive between $400 million-to-$700 million in investments from private equity firms IDG Capital and Carlyle Group, and the company’s CEO, Vincent Mo. The subscription price of the freshly-issued Class A ordinary shares is $5.85 per each American Depository Share (ADS). The investments are expected to be used for the company’s aggressive expansion into more cities in China and to assist the company in increasing its market share in existing markets. James Dinan’s York Capital Management initiated a 7.5 million share-stake in SouFun Holdings Ltd (NYSE:SFUN) during the second quarter.