Millennials are snapping up the 'Netflix of China' and the stock has doubled in less than 3 months IQGet the Full StoryAP Photo Richard Drew
Chinese Netflix-competitor iQiyi has more than doubled its stock price since going public in the US in March.
The stock is wildly popular with millennial investors on the stock trading app Robinhood.
Follow IQ's stock price in real-time here.
Shares of iQiyi — the Baidu-owned video service widely seen as the Netflix of China — has more than doubled since its US initial public offering less than three months ago.
As its stock has skyrocketed from 18 at the IPO to 37 on Thursday, the streaming video service has become a darling for millennial investors on the stock trading app Robinhood, whose users skew markedly younger than that of traditional brokerages. The stock is now held by 31,302 Robinhood investors, the site’s data shows, making it the 30th most held stock. It first appeared in the top 100 in late May.See the rest of the story at Business InsiderNOW WATCH: This top economist has a radical plan to change the way Americans voteSee Also:The stock market's biggest bear unloads on the 'economic Ponzi scheme' he says will cause the next crash and explains why this meltdown feels differentShare buybacks are the market's hidden backbone Goldman Sachs says these 13 stocks will get the biggest boost from them through 2019A 'new wave of defaults' by Chinese companies has come crashing down and could send ripples through its stock marketSEE ALSO: The Netflix of China is on a hot streak with millennial investors