IPO News Archive
Economy hotel chain China Lodging Group files for $50 million IPO
3/5/10
China Lodging Group, a leading economy hotel chain in China, filed on Friday with the SEC to raise up to $50 million in an initial public offering. The chain offers three hotel products (HanTing Express, HanTing Seasons and HanTing Hi Inn) that target distinct customer segments and comprises 236 hotels across 39 cities in China. The company is based in Shanghai and was incorporated in 2007; its subsidiaries commenced operations under Powerhill Holdings Limited in 2005. China Lodging Group booked $185 million in sales for the year ended December 2009 and plans to list on the NASDAQ under the symbol HTHT. The last economy hotel chain in China to go public, 7 Days Group Holdings (SVN), listed on the NYSE and is up almost 11% from its IPO price. Goldman Sachs and Morgan Stanley are the lead underwriters on the China Lodging Group deal, for which pricing terms and timing were not disclosed.
Source: www.RenaissanceCapital.com
Latest User Comments
BUY 4/5/2010 12:38:04 PM
Posted by: BEAVISnB
That''s right startstoptradingitis, buy some more! ...
HTHT..... On fire $$$$$$$$$ 4/5/2010 12:02:39 PM
Posted by: Starttra
Now @ 18...
BUY 3/26/2010 3:26:44 PM
Posted by: BEAVISnB
BUY BUY BUY HTHT...will be 20 within a month.
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I like this stock Hotels in china have been on the rise.. 3/26/2010 2:22:28 PM
Posted by: Starttra
... And a newly formed company like this stands to benifit from this momentum, and from what i see the ceo is very good about making it happen,,, So i would not be supised to see this stock move up mu...
BUY BUY BUY 3/26/2010 11:14:27 AM
Posted by: Starttra
14.00 buy some more...