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