Chinese oil company aims to raise $243 million in US IPO

If successful, MIE Holdings will be the first traditional energy company from China to list in the US.

MIE Holdings Corporation, a Chinese upstream oil company, is looking to raise between $207 million and $243 million in an initial public offering in the US to fund the expansion of its oil output.

If successful, it will be the first traditional energy company from China to float shares in the US, and the third IPO of size by a Chinese company in the US so far this year. IFM Investments, which holds the China franchise for the Century...

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