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Chinese digital learning device maker Noah Education prices well above the range

October 18, 2007
NED

Noah Education, which provides interactive digital learning devices to students in China, priced 9.8 million ADRs at $14, nearly 19% above the high end of the proposed $9.80 to $11.80 range. The stock is expected to begin trading today on the NYSE under the ticker "NED." Deutsche Bank isthe lead manager on the deal.