Of the 8 million American Depositary Shares ADS on offer, 1 million are primary while the remaining 7 million are existing shares that are being sold by shareholders cashing in on the significant rise since the company's listing. VisionChina was one of the most successful IPOs by a Chinese company last year, pricing its initial offering at $8 a share in December. The companyÆs share price closed at $20.34 on Friday, bucking the markets' downward trend.
Each ADS represents one common share....
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