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Emerging Markets

Dangdang boss blasts Morgan Stanley online for undervaluing company in $272m IPO

Most chief executives unhappy about the execution of their IPOs would write a strongly worded letter, or perhaps just work with different banks in future. But Li Guoqing, the chief executive of Chinese internet retailer E-Commerce China Dangdang, took a novel approach this week — blasting one of his bookrunners in a series of expletive-ridden posts on a Chinese website.

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