IPO China GrenTech Goes Public; Up 7% in Early Trading (GRRF)

| About: China Grentech (GRRF)

China GrenTech Corporation Limited (ticker: GRRF), a developer of wireless coverage and RF products for the Chinese market went public earlier today. The IPO was underwritten by Bear Stearns and the 6.25 million ADSs offered were priced at $18 per ADS, above the forecasted $14 - $16.

Related: A recent write-up on the IPO and key data from Google Finance.

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Tagged: , Wireless Communications, China
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