Today the the chinese company ChangYou.com went public.

Note the name of this company is not changeyou.com but Changyou.com.

Yes, an IPO during the economic meltdown and it looks like this might be the best performing IPO in a year.

The company, an online video game maker, Changyou.com Ltd. is up almost 40% today (symbol is cyou).

The Beijing-based company, which makes role-playing games for a Chinese audience, priced 7.5 million American Depository Shares at the top end of its expected $14 to $16 price range. They were trading recently at $21 a share, up 40% on the Nasdaq

Changyou.com, whose online games are played simultaneously by hundreds of thousands of users via personal computer, only launched its best know game, Tian Long Ba B, just in May 2007.

The game is offered free to the public; Changyou.com makes its money by charging for virtual tools that players use.

Changeyou.com is registered to a company in Korea which sells clothing.