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7 Days Group Holdings Limited
10F, 705 GuangzhouDaDaoNan Rd.
Guangzhou, Guangdong 510290, China
Company Web Site
 
Phone: +86-20-8922-6577
Fax: +86-20-8922-6707
 

7 Days Group Holdings offers accommodations for the cost-conscious traveler every day of the week. The company operates roughly the third largest economy hotel chain in China under the 7 Days Inn brand. It has more than 280 hotels in operation across major metropolitan areas, including Beijing, Shanghai, Guangzhou, and Shenzhen. The group typically leases and converts existing real estate properties, rather than undertaking the costlier method of building new ones. It also licenses its 7 Days Inn brand to third parties and manages some of its hotels. The group filed to go public in November 2009 to take advantage of China's rapidly growing but fragmented economy lodging industry.

  


IPO Information
Date Went Public:   Nov 20, 2009
Filing Date:   Nov 2, 2009

Proposed Offer Price:   $9.00 to $11.00
Actual Offer Price:   $11.00
First Day Open:   $12.17
First Day Close:   $12.50

Shares Offered (mil.):   10.10
Offering Amount (mil.):   $111.10
Post-Offering Shares (mil.):   10.10

Underwriters:  
J.P. Morgan Securities Inc.; Citigroup Global Markets Inc.; Oppenheimer & Co., Inc.
Key Numbers
Company Type:  Public

NYSE:  SVN
Fiscal Year-End: December
2008 Sales (mil.): $105.3
1-Year Sales Growth: 204.6%
2008 Net Income (mil.): ($30.6)
2008 Employees:  316
1-Year Employee Growth: (9.2%)


Key People

Chairman
Boquan He

CEO and Director
Nanyan Zheng

COO
Harry R. Zhang

CFO
Eric H. Wu

SVP and Chief Information Officer
Yuezhou Lin