BIZCHINA> Money
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China Merchants Securities sets IPO price range
(Xinhua)
Updated: 2009-11-09 10:26 China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share IPO price range between 26 yuan and 31 yuan.
The IPO price translates into a price to earnings ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company. (For more biz stories, please visit Industries)
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