Giant Interactive, a leading Chinese developer of massively multiplayer online games, priced its 57.2 million share offering at $15.50 Wednesday night, a 19% premium to the midpoint of the proposed $12-$14 range. Gaint hopes its unique-to-China modern era military multiplayer game, set for release in the 4Q07, will be the second big hit achieved by the company in recent years. Merrill Lynch and UBS Investment Bank headed the list of underwriters on the deal. The stock is expected to begin trading on the NYSE tomorrow under the symbol "GA."
