Guofeng steels itself for cheap valuation

Pre-marketing nears end for IPO of Chinese steel company China Guofeng.
November 23, 2004

Roadshows for a $150 million to $170 million IPO for Red Chip China Guofeng will begin today (Monday) following two weeks of pre-marketing. Pricing will take place on the weekend of December 11/12 with First Shanghai and Macquarie acting as co-leads alongside lead manager JPMorgan.

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