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7 Days Group Holdings prices IPO at $11.00, at high end of the range

November 19, 2009
SVN

7 Days Group Holdings, which operates the third largest economy hotel chain in China, raised $111 million on Thursday by offering 10.1 million shares at the top end of the $9-$11 proposed range. 7 Days is expected to begin trading Friday on the NYSE under the ticker SVN. J.P. Morgan and Citi were the lead underwriters on the deal.