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Business

Chinese Firm Goes Public In U.S.

by Jean-François Tremblay
June 29, 2009 | A version of this story appeared in Volume 87, Issue 26

Shanghai-based Chemspec International raised $57 million through an initial public offering on the New York Stock Exchange. The company bills itself as China's largest producer of custom-made fluorinated specialty chemicals used in the global pharmaceutical, electronics, and agrochemical industries. Most of the money raised will go to expand production and R&D facilities located in China's industrial heartland in Shanghai, Jiangsu, and Zhejiang.

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