Xinhuanet launches IPO in Shanghai
Updated: 2016-10-28 10:20
(Xinhua)
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BEIJING - Xinhuanet.com, the official website of China's Xinhua News Agency, launched its initial public offering (IPO) on Friday on the Shanghai bourse.
According to the company's prospectus, Xinhuanet.com plans to issue 51.9029 million shares for its Shanghai IPO at 27.69 yuan ($4) per share to raise up to 1.437 billion yuan ($212 million), accounting for 25 percent of its total shares.
Established in 1997, Xinhuanet.com is a comprehensive news and information service-oriented website with Xinhua News Agency as its sponsor.
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