Sources say both offers were covered within the original ranges but the bookrunners chose to cut the price in response to feedback received during the roadshow and to accommodate a few high quality names who had indicated their interest to invest at lower levels.
ôYou need to listen to investors in this kind of market where a lot of recent IPOs arenÆt doing that well,ö one source says.
VisionChina, an advertising network operator, fixed the price at $8 per ADS for a total...
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