China's Giant Interactive IPO raises $886 mln
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)
© Thomson Reuters 2008 All rights reserved
Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.
Have a correction to this article? Email the editors
U.S. raid
Obama delivers acceptance speech