7 Days soars on NYSE debut
7 Days Group Holdings Ltd, the Actis and Warburg Pincus-backed discount Chinese hotel chain, listed on the NYSE at close to the top end of its target range, or $11 per share.
The company's stock jumped 22.7% to $13.50 per share on its first day of trading, with proceeds estimated at around $111 million, earmarked to pay down debt and provide working capital. Actis and Warburg...
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