First dual Nasdaq/GEM listing by TOM Online

For the second time in a week, a China tech play is snapped up by momentum hungry investors.
March 07, 2004

Tom Group spin-off TOM Online priced its IPO at the top of its indicative range on Friday, raising $192 million pre-greenshoe. Pricing came in at HK$1.50 (HK$1.515 post-brokerage fees and taxes), after retail books closed 96 times oversubscribed and institutional books 44 times.

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