Duoyuan Global Water (DGW) IPO Prices at $16

June 24, 2009 10:13 AM EDT

The IPO for Duoyuan Global Water Inc. (NYSE: DGW) priced 5.5 million ADRs at $16, above the expected range of $13-$15 per share.

The lead underwriter is Piper Jaffray.

Duoyuan Global Water is a leading China-based domestic water treatment equipment supplier.


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