Saturday, March 3, 2012

Kingtone Wirelessinfo shares fall in IPO debut

Shares of Chinese software company Kingtone Wirelessinfo Solution Holding Ltd. fell in their trading debut.

The Chinese company priced 4 million American depository shares at $4 apiece, the bottom of its expected range of $4 to $6. In afternoon trading, the stock fell 12 cents to $3.88.

Kingtone had said in a regulatory filing on May 5 that it planned to sell …

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