7 Days Group Holdings, a leading national economy hotel chain based in China, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The company, which was founded in 2004 and has since built its growing "7 Days Inn" brand, plans to list on the NYSE under the symbol SVN. 7 Days Group Holdings is currently the third largest economy hotel chain in China (based on the total number of hotels as of Dec. 31, 2008) and had 283 hotels with 28,266 rooms in 41 cities in operation as of Sep. 30, 2009. J.P. Morgan and Deutsche Bank are the lead underwriters on the deal. No pricing terms were disclosed.
