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China's Giant Interactive IPO raises $886 mln

Wed Oct 31, 2007 7:56pm EDT
 
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NEW YORK, Oct 31 (Reuters) - Giant Interactive Group Inc, a leading Chinese online game developer, on Wednesday raised $886.6 million with an initial public offering that priced well above a forecast range.

The 57.2 million offering of American Depositary Shares priced at $15.50 per ADS, compared with a forecast range of $12 to $14.

Underwriters were led by Merrill Lynch (MER.N: Quote, Profile, Research, Stock Buzz) and UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz). (Reporting by Lilla Zuill)

 

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