21Vianet jumps 25% in US debut

21Vianet raises $195 million after pricing its US IPO 25% above the initial top of the range — and at 37 times estimated 2012 net earnings.

Strong demand pushed shares in 21Vianet 25% higher on their trading debut, even after the Chinese internet data service provider fixed the offering price higher than the initial top end of the range.

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