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First IPO since listing freeze makes strong debut

2014-01-17 10:09 Xinhua Web Editor: qindexing
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Neway Valve (Suzhou) Co. Ltd, a major industrial valve manufacturer in China, went on board on Friday with a strong debut as investors cheered China's first initial public offering (IPO) after a year-long freeze.

Its stock on the Shanghai Stock Exchange opened around 20 percent higher over the offering price.

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