We have another IPO from China today that may look like a NASDAQ IPO but it is a New York Stock Exchange IPO. E-commerce China Dangdang Inc. (NYSE: DANG) priced at a premium for its initial public offering of 17,000,000 American Depositary Shares. The deal was priced at $16.00 per ADS, but the range was lifted once and it priced even higher. The initial price range was put at $11.00 to $13.00 per share. Then the deal was raised to $13.00 to $15.00 per share. $16,00 represents a premium even to the premium. Of the offering, some 13.2 million ADSs are being sold by the company and 3.8 million shares are being sold by shareholders.
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