"Sinocism is the Presidential Daily Brief for China hands"- Evan Osnos, New Yorker Correspondent and National Book Award Winner
“Ossen sold 5 million American depositary receipts at $4.50 each after originally offering 7 million ADRs for as much as $9 apiece, its filing with the Securities and Exchange Commission and data compiled by Bloomberg show. Ossen, which chopped its sale by 64 percent to attract enough buyers, will start trading today on the Nasdaq Stock Market under the ticker OSN.
The offering is the 41st U.S. IPO by a Chinese company in 2010, exceeding the 37 completed in 2007, data compiled by Bloomberg show. Three of the ten best performing IPOs on New York exchanges have come from China this year
Global Hunter Securities LLC and Knight Capital Group Inc. led the offering for Ossen”
Do Global Hunter deals tend to price at a discount?