Strong demand for Giant IPO
The online gaming operator raises $887 million in the largest US IPO by a Chinese private sector company.
Online gaming provider Giant Interactive priced its US initial public offering above the initial range at $15.50 for a total deal size of $887 million, pulling off the largest US listing by a private sector Chinese company ever. If the 15% greenshoe is exercised in full, the final size will cross the $1 billion mark.
The company didnÆt have the same spectacular first day gains as some of the other Chinese companies that have listed in the US recently û...
To continue reading, please login or register for free