Real estate provider lists and merges in New York

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    Real estate information provider China Real Estate Information Corporation (CRIC) has completed a US$248 million IPO and listing on the Nasdaq Global Select…

    Real estate information provider China Real Estate Information Corporation (CRIC) has completed a US$248 million IPO and listing on the Nasdaq Global Select Market in New York.

    The IPO happened at the same time as a merger with the online real estate business of SINA Corporation, a Chinese online media company and mobile value-added service provider which is also Nasdaq listed. The merger was valued at approximately US$775 million, based on CRIC's closing price on October 20.

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