This meant it may have missed the opportunity to become the second largest Chinese listing in the US after Suntech PowerÆs $400 million IPO in December 2005. At the current size, it will fall behind Mindray MedicalÆs $311 million offering in September last year û unless the majority of the 15% greenshoe is exercised.
According to sources, demand was strong enough to have allowed the price to be fixed at the top but given the widespread correction in equity markets during the two-week roadshow, negotiations...
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