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Chinese e-commerce Dangdang CEO Li Guoqing Says Morgan Stanley Undervalued $272 Million IPO

Jan. 17, 2011 5:32 AM ETDANG
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Chinese e-commerce called E-Commerce China DangDang (DANG) , or DangDang for short CEO Li Guoqing said Morgan Stanley undervalued the Chinese e-commerce operator when arranging its $272 million initial public offering last month.

"I am openly here criticizing investment banks, criticizing Morgan Stanley," Li said yesterday in a posting on Sina Corp.’s microblogging service, a Chinese version of Twitter. "So what? can’t Morgan Stanley be criticized?"

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