Investors lap up E-House IPO

Despite turbulent markets, the China-centric real estate broker raises $201 million after pricing its shares 2% above the top of the range.

ChinaƆs real estate broker E-House garnered solid demand for its US initial public offering, despite the ups and downs the market experienced during the course of the bookbuild, enabling it to price at $13.80.

E-House launched its roadshow on July 24, when the Dow Jones Industrial Average was going strong at about 13,700 points. Nervousness triggered a selldown from July 26 onwards and the index went as low as 13,182 on August 3. It bounced back this week, closing at...

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