Camelot Information Systems (CIS), a China-based provider of enterprise application services and financial industry IT services, priced its IPO on July 20th, 2010, at $11 per share, which is the lower end of the expected range of $11-$13 per share, giving first day return of -3.2%.
Business Overview (from prospectus)
We are a leading domestic provider of enterprise application services and financial industry IT services in China, and we focus on enterprises operating in the Chinese market. According to IDC, a leading independent research firm, we are the largest domestic provider
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