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Originally published Wednesday, August 11, 2010 at 8:38 AM

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China Kanghui shares rise after IPO raises $68.4M

Shares of Chinese medical device maker China Kanghui Holdings slid early in their market debut Wednesday as the broader markets tumbled but regained ground before midday.

The Associated Press

NEW YORK —

Shares of Chinese medical device maker China Kanghui Holdings slid early in their market debut Wednesday as the broader markets tumbled but regained ground before midday.

The orthopedic implant maker and its stockholders priced 6.7 million American depositary shares, representing 40.1 million ordinary shares, at $10.25 apiece late Tuesday. Shares had been expected to price between $9.25 and $11.25.

The shares dipped a few cents early in the session to $10.06, but were up 37 cents, or 3.6 percent, to $10.62 in late morning trading. The stock is listed on the New York Stock Exchange Wednesday under the symbol "KH."

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