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China Kanghui prices IPO, raises $68.4 million

Wed, 08/11/2010 - 4:45am
The Associated Press

Chinese medical device maker China Kanghui Holdings priced shares of its initial public offering in the middle of its expected range, raising $68.4 million, the company said late Tuesday.

China Kanghui makes orthopedic implants. The company and its stockholders priced 6.7 million American depositary shares, representing 40.1 million ordinary shares, for $10.25 apiece. Shares had been expected to price from $9.25 and $11.25 each.

The ADSs are expected to trade Wednesday on the New York Stock Exchange under the symbol "KH."

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