7 Days Group Holdings (SVN) IPO Price at $11, Top End of Range
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7 Days Group Holdings Limited (NYSE: SVN) priced its 10.1 million share IPO at $11, the top end of the $9-$11 range. Shares will open today on the NYSE under the symbol "SVN".
The offering is being made through JPMorgan, Citi and Oppenheimer & Co.
7 Days is a national economy hotel chain based in China. The company converts and operates limited service economy hotels across major metropolitan areas in China under it's award-winning “7 Days Inn” brand.
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