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SVN News

Economy hotel chain China Lodging Group files for $50 million IPO

China Lodging Group, a leading economy hotel chain in China, filed on Friday with the SEC to raise up to $50 million in an initial public offering. The chain offers three hotel products (HanTing Express, HanTing Seasons and HanTing Hi Inn) that target distinct...read more

7 Days Group Holdings quiet period ends December 29

SVN

7 Days Group Holdings, the third largest economy hotel chain in China, will see its quiet period end next Tuesday, Dec. 29. On Nov. 19, 2009, the company raised $111 million by offering 10.1 million shares at $11, at the high end of the proposed range of $9-$11...read more

Second-busiest IPO week this year shows mixed performance

This week was the second-busiest IPO week of 2009 with network security specialist Fortinet (FTNT) making its debut on Wednesday, followed by four additional companies that began trading today. Fortinet led the group with a first day pop of 33%, climbing even...read more

Today marks busiest day in IPOs in two months

Archipelago Learning (ARCL), Cloud Peak Energy (CLD), Global Defense Technologies (GTEC), and 7 Days Group (SVN) are all expected to begin trading today, marking the busiest day in IPOs since September 23 of this year, when five companies made their...read more