Beijing Beida Jade Bird cuts IPO price

Beijing Beida Jade Bird, an internet security code developer, slashed the price of its IPO and closed the offer to retail investors amid a glut of forthcoming listings.

Toni Clarke

July 12, 2000

Beijing Beida Jade Bird Universal Sci-Tech, a developer of security systems for internet coding, has cut the price of its initial share offer by 44% and closed the issue to retail investors as the rising number of IPOs in the pipeline curtailed demand.

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