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China Daily Website  

First IPO since listing freeze makes strong debut

Updated: 2014-01-17 10:12
( Xinhua)

BEIJING - 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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