21Vianet Group (VNET) IPO Jumps Higher

The IPO for 21Vianet Group, Inc. (Nasdaq: VNET) is open for trading. Shares are trading at $20.83 after pricing 13,000,000 American depositary shares (ADS) at $15 per ADS, well above the expected $12-$13 range which was recently raised.

Morgan Stanley, Barclays Capital Inc. and J.P. Morgan Securities LLC acted as joint bookrunners.

21Vianet is the largest carrier-neutral Internet data center services provider in China.

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