Saturday, January 1, 2011
New Oriental opened at $ 22 higher than the issue price of 46.7%.
New Oriental <P> $ 22 opening price listed on the first day </ P> <P> Beijing at 22:24 on September 7th, New Oriental Education & Technology Group (NYSE: EDU) began trading on the New York Stock Exchange, opening .22 U.S. dollars, higher than the issue price of 15 dollars before about 46.7%, New Oriental is about public financing of this $ 112,500,000. .</ P> <P> 750 for sale in New Oriental million American depositary shares representing the company's total 21%. .New Oriental IPO issue price of 15 dollars per share, more than previously expected $ 11 to $ 13 price range. .New Oriental Each ADS represents four ordinary shares. .New Oriental was founded in 1993, claims to be China's largest private education service agencies. .Since its inception, a total of more than 300 million students participate in the new East training courses, there are 872,000 this year alone. .</ P> <P> New Oriental's IPO underwriters Credit Suisse and Goldman Sachs. .In addition to the quota in addition, IPO underwriters also may purchase up to 110 million shares of New Oriental ADS. .New Oriental has applied the New York Stock Exchange under the symbol "EDU". .</ P>.
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