NEW YORK: Despite a tough IPO market, China's New Oriental Education & Technology Group Inc on Wednesday raised US$112.5mil in an initial public offering that priced was above expectations, according to an underwriter.
Investors' appetite for risk dwindled in the summer amid inflation concerns and record oil prices, among other factors, and market conditions were cited by many of the 44 companies that delayed IPOs this year – the highest number since 2001.
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