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China-based wealth management company Noah Holdings prices IPO at $12, above the range

November 9, 2010

Noah Holdings, a Sequoia-backed provider of private wealth management products in China, raised $101 million by offering 8.4 million ADSs at $12, above the range of $9-$11. Noah Holdings plans to list on the NYSE under the symbol NOAH. J.P. Morgan and BofA Merrill Lynch acted as lead managers on the deal.