Home Inns & Hotels Management, the operator of an economy hotel chain in mainland China, set the terms for its IPO on Friday. The Shanghai-based company plans to offer 7.9 million ADSs at at range of $10-$12 per share. The deal has a proposed market cap of $368 million and is expected to price the week of October 23rd. Credit Suisse, Merrill Lynch and Deutsche Bank will manage the deal.
