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Software and IT provider Longtop Financial Technologies revises range

October 19, 2007
LFT

Longtop Financial Technologies, which provides IT software solutions to the financial services industry in China, revised its expected price range Friday in a filing with the SEC. The company now plans to offer 10.4 million ADRs at a price range of $14 to $16 per ADR, a 15.4% increase from the midpoint of the expected $12 to $14 range. Goldman Sachs is the lead manager on the deal.