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E-House China Holdings (EJ) rises 40.8% in IPO

Wall Street jumped onto shares of E-House Holdings (NYSE: EJ) in the Shanghai company's trading debut, a reflection of China's hot real estate sector.

E-House priced 14.6 million American depositary shares at $13.80 a share, above expectations of a $11.50-$13.50 range, for its New York Stock Exchange IPO. Shares shot nearly 41% higher, rising $5.63 to close at $19.43. E-House raised nearly $202 million.

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DJIA+30.6910,464.40
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S&P 500+4.981,110.63

Last updated: November 27, 2009: 09:11 AM

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