Tags: US | Charm | Communications | IPO | Priced

Charm Communications Prices IPO at $9.50 Per Share

Wednesday, 05 May 2010 09:45 AM

Charm Communications Inc., a Chinese TV advertising agency, priced its initial public offering at $9.50 a share Tuesday night, raising about $74.2 million.

Shares had been expected to price from $9 to $11. Charm sold about 7.8 million American depositary shares, each representing 2 class A ordinary shares, to initial investors.

Underwriters led by Credit Suisse can buy another 1.2 million American depositary shares to cover excess demand for the IPO.

Charm's shares are expected to begin trading on the Nasdaq Wednesday under the ticker symbol "CHRM."

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
InvestingAnalysis
Charm Communications Inc., a Chinese TV advertising agency, priced its initial public offering at $9.50 a share Tuesday night, raising about $74.2 million.Shares had been expected to price from $9 to $11. Charm sold about 7.8 million American depositary shares, each...
US,Charm,Communications,IPO,Priced
87
2010-45-05
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved