Filed under: Major movement, Housing

Wall Street jumped onto shares of E-House Holdings (NYSE: EJ) in the Shanghai company’s trading debut, a reflection of China’s hot real estate sector.

E-House priced 14.6 million American depositary shares at $13.80 a share, above expectations of a $11.50-$13.50 range, for its New York Stock Exchange IPO. Shares shot nearly 41% higher, rising $5.63 to close at $19.43. E-House raised nearly $202 million.

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This entry was posted on Thursday, August 9th, 2007 at 1:13 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.