China Real Estate Information IPO Expected This Week
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Abbi Adest submits: China Real Estate Information ( CRIC ) , a spin-off of E-House China's ( EJ ) real estate information and consulting business. is expected to go public this week. According to the Wall Street Journal , "China Real Estate is in the process of acquiring the online real-estate business of Sina Corp. After that deal is completed, the company will begin generating online-advertising revenue." The deal size could reach $225.9 million. Business Overview (from prospectus )
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