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Jupai Holdings prices downsized IPO at $10, the low end of the range

July 16, 2015
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Jupai Holdings, a Chinese provider of wealth management services and products, raised $53 million by offering 5.3 million shares (vs. 5.9 million originally planned) at $10, the low end of the $10 to $12 range. Jupai Holdings will list on the NYSE under the symbol JP. Credit Suisse and China Renaissance acted as joint bookrunners on the deal.