Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Chinese IT development firm hiSoft Technology International (Nasdaq: HSFT) jumped more than 10% today, extending the returns since the IPO in June to 176%.

So what: The company just bolstered its balance sheet with a follow-on stock offering, and the terms of that release appear to have been met with approval from current investors. The new shares were priced at $26 per American Depository Receipt, and have already been sold in a series of off-market transactions.

Now what: Most of the extra stock sold came from "certain selling shareholders," and only 10% of the proceeds fell into company coffers. The market reaction looks like a sigh of relief that the secondary offering is over and done with, and no harm done -- hiSoft's cash balance was already quite strong and didn't really need the extra $13 million.

Interested in more info on hiSoft? Add it to your watchlist.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.