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Simcere Pharmaceutical completes $168.6mm IPO on NYSE
12 Mar 2013
Chinese branded generics firm Simcere Pharmaceutical Group has netted $168.6mm in an IPO on the NYSE. It sold 12.5mm American Depositary Shares (each representing two ordinary shares) at $7.25 apiece--the high end of its range. Selling stockholders sold an additional 3.13mm ADSs.
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