Sep 24, 2009 04:57 PM

Ten GEM Board IPOs to Raise 6.9 Bln Yuan

By staff reporter Liang Yang

By staff reporter Liang Yang

(.com.cn) The first 10 firms approved to list on the soon-to-launch Growth Enterprise Market are expected to raise about 6.9 billion yuan from their initial public offerings, up 146 percent on the earlier estimate of 2.8 billion yuan.

Seven of the firms set their IPO prices at the upper limit of their proposed ranges, with the other three exceeding their top price estimates.

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