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China IPOs may restart earlier than expected - sources

By David Lin and Gabriel Wildau SHANGHAI (Reuters) - China's securities regulator has ordered underwriters to update application materials for firms waiting to list, sources told Reuters on Wednesday, raising hopes that an eight-week stall in initial public offerings on mainland China stock exchanges will end soon.

China IPOs may restart earlier than expected: paper

SHANGHAI (Reuters) - Initial public offerings (IPO) on China's mainland stock exchanges may restart sooner than expected, state media reported on Wednesday, after the securities regulator ordered underwriters to update application material for firms waiting to list. The China Securities Regulatory Commission (CSRSC) has told underwriters to complete their submissions of revised disclosure materials as early as the end of this week, the official Shanghai Securities News reported, citing multiple unnamed investment bankers.

Business Highlights

___ US retail sales up strong 1.1 per cent in March WASHINGTON (AP) — U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products. The 1.1 per cent jump reported by the Commerce Department on Monday was the best showing since September 2012. The government also revised February to a 0.7 per cent gain, more than double its previous estimate. Sales had fallen in January and December.

Wireless telecom service provider Goodman Networks files for $100 million IPO

(Reuters) - Wireless telecommunication services provider Goodman Networks Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. BofA Merrill Lynch and Jefferies are the lead underwriters for the offering, the company told the U.S. Securities and Exchange Commission in a preliminary prospectus. Founded in 2000, Goodman Networks' most prominent clients include AT&T Inc, Alcatel-Lucent USA Inc, DIRECTV, Nokia Solutions and Networks BV, and Verizon Wireless.

Wireless telecom service provider Goodman Networks files for $100 million IPO

(Reuters) - Wireless telecommunication services provider Goodman Networks Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. BofA Merrill Lynch and Jefferies are the lead underwriters for the offering, the company told the U.S. Securities and Exchange Commission in a preliminary prospectus. Founded in 2000, Goodman Networks' most prominent clients include AT&T Inc, Alcatel-Lucent USA Inc, DIRECTV, Nokia Solutions and Networks BV, and Verizon Wireless.

Hotel chain La Quinta gains in market debut after shares price low; IPO raises $651 million

NEW YORK, N.Y. - La Quinta's stock rose in the hotel chain's return to the stock market. The Irving, Texas-based company was publicly traded for more than 30 years before being acquired by private equity firm Blackstone in 2006. Blackstone paid $2.3 billion in cash and also assumed La Quinta's debt, giving that deal a value of about $3.4 billion.

US stocks end choppy session in red

US stocks closed in the red on Thursday, with the tech-rich Nasdaq leading the losses for a second straight day as investors weighed a batch of mixed economic data. The Dow Jones Industrial Average slipped a scant 4.76 points (0.03 percent) to 16,264.23. The S&P 500, a broad measure of the markets, shed 3.52 (0.19 percent) at 1,849.04, while the tech-rich Nasdaq Composite Index was the worst performer, tumbling 22.35 (0.54 percent) to 4,151.23. Markets spent the better part of the day in negative territory, extending Wednesday's losses.

Candy Crush maker King sees sour Wall Street debut

King Digital, maker of the wildly popular Candy Crush video game, got a sour welcome on Wall Street Wednesday as shares tumbled some 15 percent in their first trading day. King's initial public offering (IPO) raised $500 million from the sale of 22.2 million shares, as the British company sought to capitalize on the popularity of Candy Crush Saga, which boasts some 97 million players worldwide.

'Candy Crush' maker King Digital's stock opens below IPO price in public debut

NEW YORK, N.Y. - A crush it isn't. Wall Street is giving King Digital, the company behind the popular mobile game "Candy Crush Saga," the cold shoulder in its public trading debut. King's stock priced at $22.50 on Tuesday, valuing the company at $7.1 billion. But it opened on Wednesday at $20.50, down almost 9 per cent. Its shares lost more ground by the day's close, falling more than 15 per cent. King Digital Entertainment PLC had $1.88 billion in revenue last year. That's more than 10 times its 2012 revenue of $164.4 million.

Danish drug maker Santaris considers U.S. listing: investor

By Teis Jensen and Ole Mikkelsen COPENHAGEN (Reuters) - Danish venture capital firm Sunstone is considering whether to list its partly owned biotech company Santaris Pharma in the United States, and will probably make a decision this year, Sunstone told Reuters on Wednesday. Santaris, which was founded through a merger of two companies in 2003, develops drugs against liver cancer, head and neck cancer, and against metabolic and infectious diseases.
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