By Greg Hazley
Taylor Rafferty is handling financial communications out of New York and Hong Kong for the initial public offering of Noah Holdings Limited, a Shanghai-based financial management company that caters to wealthy Chinese.
Noah’s 8.4M American depository shares were sold at $12 each for proceeds of $91.2M and debuted Nov. 10, the latest success story for the U.S. IPO of a China company as its stock price jumped as high as 43 percent. Shares closed the day up 33% at $15.99.
Delia Cannan, a director for Taylor Rafferty in New York, and Savoy Lee, a Hong Kong director for the firm, are supporting the company’s investor and financial communications efforts.
J.P. Morgan and Bank of America Merrill Lynch backed the debut.
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