Chinese water equipment supplier raises $101m
- From: Vol 10, Issue 7 (July 2009)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Dow Chemicals, Duoyuan Global Water, General Electric (GE), Global Environment Fund, ITT and New York Stock Exchange
US investors were falling over themselves to get a piece of the latest Chinese water IPO. Are they suffering from “stimulus fever”?
Chinese water treatment equipment supplier Duoyuan Global Water has raised $101.2 million through a placement of American Depositary Shares on the New York Stock Exchange. The deal priced on 24 June at $16 per ADS – comfortably above the indicated range of $13-$15 – and multiple oversubscription ensured that the securities ended the first day’s trading up 36%, at ...
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