Duoyuan Global Water, a leading China-based manufacturer of water treatment equipment, raised $88 million by offering 5.5 million ADS at $16.00, above the proposed range of $13.00 to $15.00. The company also sold 500,000 more ADSs than previously expected. Duoyuan Global Water plans to begin trading Wednesday on the NYSE under the symbol "DGW". Piper Jaffray acted as lead manager on the deal.
