7 Days Group Holdings Limited10F, 705 GuangzhouDaDaoNan Rd. Guangzhou, Guangdong 510290, China Company Web Site | | Phone: +86-20-8922-6577 Fax: +86-20-8922-6707
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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
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