strong-demand-for-giant-ipo

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 on Wednesday insurance agency CNinsure rallied 58% in its debut û although this can probably be explained at least in part by its much larger size. At the time of listing, the company had a...
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