China Search Engine Breaks All Records

In one of the most startling flashbacks to the dot-com bubble yet, investors Friday piled into shares of Chinese Internet search engine Baidu and sent shares up US$95.54, or 354 percent, to $122.54. In just one day, shares of Baidu rose more than Google has gained in the year since it went public.

The biggest since the tech bubble burst, according to Thomson Financial. An IPO hasn't gained that much in its first day of trading since Selectica soared 371 percent in its debut on March 9, 2000, the day before the Nasdaq peaked.