GreenTree Hospitality cuts US IPO in half

Jonathan Breen

March 27, 2018 10:45 AM

NYSE_PA_230x150 — (170103) -- NEW YORK, Jan. 3, 2017 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, on Jan. 3, 2017. U.S. stocks rebounded Tuesday, the first trading day of 2017. The Dow Jones Industrial Average rose 119.16 points, or 0.60 percent, to 19,881.76. The S&P 500 added 19.00 points, or 0.85 percent, to 2,257.83. The Nasdaq Composite Index climbed 45.97 points, or 0.85 percent, to 5,429.08. (Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

Chinese hotel operator GreenTree Hospitality Group has sliced its $349.2m IPO of American Depositary Shares (ADS) to just over half the original size.

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Topics

Equity IPOs UBS Equity China Bank of America Americas ICBC Asia Greater China Morgan Stanley Northeast Asia Asia Pacific United States Emerging Markets North America

JB

Jonathan Breen

Equities editor GlobalCapital Asia