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Software and IT provider Longtop Financial Technologies announces terms

October 9, 2007
LFT

Longtop Financial Technologies, a software and IT services provider to the financial services industry in China, filed terms Tuesday with the SEC. The company plans to offer 10.4 million ADRs, including 1.9 million ADRs from selling shareholders, at a price range of $12 to $14 per ADR. Goldman Sachs is the lead manager on the deal.