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Mobile handset manufacturer Qiao Xing Mobile files for IPO, announces terms

April 17, 2007
QXM

Qiao Xing Mobile Communication, a Chinese manufacturer of mobile handsets, filed for IPO Tuesday. The company plans to offer 16.7 million shares, including 4.2 million from selling shareholders, at a price range of $11.00 to $13.00, and it plans to list its shares on the NYSE. UBS is bookrunning the deal.