21Vianet IPO raises $195 mln, more than expected
NEW YORK, April 20 |
NEW YORK, April 20 (Reuters) - 21Vianet Group Inc, a Chinese Internet data center services provider, raised more than expected in its U.S. IPO on Wednesday, selling more shares than planned for a price $2 above the proposed range, an underwriter said.
21Vianet sold 13 million American depositary shares for $15 each, raising $195 million, the underwriter said.
The company had planned to sell 12.5 million ADSs at $12 to $13 each -- an increase from 11.5 million ADSs and the price range of $10 to $12 per ADS it had originally proposed.
Shares of 21Vianet are expected to begin trading on the Nasdaq on Thursday under the symbol "VNET." (VNET.O)
Morgan Stanley, Barclays Capital and JPMorgan led underwriters on the offering. (Reporting by Alina Selyukh; Editing by Gary Hill)
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