Le re/max Chinois était dans ma mire depuis longtemps et je suis toujours resté
assis sur mes mains. Enfin je peu me reprendre avec ce IPO.
China Real Estate Information Corporation (NASDAQ: CRIC) has priced its 18 million share initial public offering at $12.00 per share. While this is not an easy structure, this IPO has ramifications for two other big Chinese public companies. CRIC is a subsidiary of E-House (China) Holdings Limited (NYSE: EJ) and it will merge with the online real estate business of SINA Corporation (NASDAQ: SINA) effective as of the closing of CRIC’s IPO.This IPO was in the middle of the pricing range of $11.80 to $13.80 that had been indicated. Credit Suisse and UBS were the joint book-runners on the deal, and these underwriters were given a 30-day option to buy up to 2,700,000 additional ADSs from CRIC to cover over-allotments.
E-House will be the majority shareholder of CRIC and SINA will be the second largest shareholder of CRIC. All shares being sold in the IPO are being sold by the company.
China Real Estate Information is a provider of real estate information and consulting services with a presence in over 50 cities across China with a database and contact base which provides a broad range of real estate-related services to developers, suppliers, agents, brokers, service providers and individual consumers.
E-House will be the majority shareholder of CRIC and SINA will be the second largest shareholder of CRIC. All shares being sold in the IPO are being sold by the company.
China Real Estate Information is a provider of real estate information and consulting services with a presence in over 50 cities across China with a database and contact base which provides a broad range of real estate-related services to developers, suppliers, agents, brokers, service providers and individual consumers.
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