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2010-08-11: China Kanghui Shares Rise After IPO Raises $68.4M
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Shares of Chinese orthopedic implant maker China Kanghui rise after IPO raises $68.4 million
On Wednesday August 11, 2010, 11:37 am EDT
The orthopedic implant maker and its stockholders priced 6.7 million American depositary shares, representing 40.1 million ordinary shares, at $10.25 apiece late Tuesday. Shares had been expected to price between $9.25 and $11.25.
The shares dipped a few cents early in the session to $10.06, but were up 37 cents, or 3.6 percent, to $10.62 in late morning trading. The stock is listed on the New York Stock Exchange Wednesday under the symbol "KH."