7 Days Debuts On NYSE - Stocks To Watch

(RTTNews) - 7 Days Group Holdings Ltd. (SVN), an economy hotel chain based in China, debuts on the New York Stock Exchange under the symbol "SVN", today - the 20th of November.

The company said it priced its initial public offering of 10.1 million American Depositary Shares or ADS at $11 per ADS, at the high-end of its expected price range of $9-$11, to raise gross proceeds of $111.1 million. Each ADS represents three ordinary shares.

The budget hotel chain, which targets customers who cannot afford expensive hotels, may be well-position (continued...)