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China Real Estate prices IPO at $12.00, toward the low end of the range

October 16, 2009

China Real Estate Information, an e-House China spin-off of its real estate information and consulting business, raised $216 million by offering 18,000,000 ADRs at $12.00, within the range of $11.80 to $13.30. China Real Estate Information plans to list on the NASDAQ under the symbol "CRIC". Credit Suisse and UBS were the bookrunners on the deal.