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Artini seen down 0.9 pct in Hong Kong IPO debut

Thu May 15, 2008 9:56pm EDT

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HONG KONG, May 16 (Reuters) - Shares in fashion accessories company Artini China Co Ltd (0789.HK) were set to open down 0.9 percent in their market debut on Friday after the company raised $80 million in a Hong Kong initial public offering.

China

Shares in Artini, were indicated at HK$2.20 in pre-market trade, compared with an IPO price of HK$2.22 per share, which was at the bottom of its indicated range.

Artini sold 280 million shares, or 28 percent of its enlarged share capital, in a deal handled by Cazenove [CAZ.UL].

(US$1=HK$7.8)

(Reporting by Kennix Chim, editing by Keiron Henderson)

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