GreenTree cuts US listing in half amid volatility

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GreenTree cuts US listing in half amid volatility

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(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

China’s GreenTree Hospitality Group had to navigate a tough market this week to wrap up its US IPO as volatility spiked and its closest comparable tanked in the secondary market. To pull off its float, the issuer had no choice but to concede on price and size, writes Jonathan Breen.

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