Skip to main content
Publish date:

China Hotel Chain Soars in Debut

Shares of Home Inns & Hotels Management are up more than 60% from the IPO price.

American Depositary Shares (ADS) of China-based

Home Inns & Hotels Management


soared Thursday in their first day of trading.

TheStreet Recommends

Late Wednesday, underwriters priced 7.9 million ADSs of China's leading economy hotel chain at $13.80 per share. In recent trading, the shares were up $9.09, or 66%, at $22.89.

The underwriting syndicate for the offering includes Credit Suisse, Merrill Lynch, Pierce, Fenner & Smith and Deutsche Bank.