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Yintech Investment prices IPO at $13.50, midpoint of the range

April 27, 2016
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Yintech Investment Holdings, which operates an online brokerage for spot trading precious metals in China, raised $101 million by offering 7.5 million ADSs at $13.50, the midpoint of the range of $12.50 to $14.50. Yintech Investment Holdings plans to list on the Nasdaq under the symbol YIN. Jefferies acted as a lead manager on the deal.