In a sign of strong demand, Chinese hotel chain operator Home Inns & Hotels Management priced its 7.9 million ADS at $13.80, a 25% premium to its proposed $10-$12 range. Credit Suisse and Merrill Lynch acted as joint book-running managers for the IPO. The stock is set to commence trading on the NASDAQ under the ticker symbol "HMIN" on Thursday. For further information about Home Inns, please view our "Featured IPO" write-up.
