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Century 21 China (CTC) |


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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals LogMeIn Invesco Mortgage Capital Medidata Chemspec |
(IFM) Century 21 China (NYSE:CTC) provides real estate services and franchises the Century 21 brand in China. Its network is composed of 34 major cities with over 1,000 sales offices with around 4.7 million property listings. In 90% of cities it operates in, it is in the top 3 for market leaders in transactions, and in 30% of those cities, it is the market leader. Its revenues are from its brokerage services, franchise services, and mortgage management services, which advises home buyers and owners with mortgages. [1]
The company's initial public offering (IPO) of stock is scheduled for the week of January 25. It plans to sell 12.5 million shares at between $7.00 and $8.00 per share. [1]
For the Nine Months ended 30 September 2009, the company had 443,691 RMB in net revenue, up 112.4% from 208,877 RMB for the nine months ended 30 September 2008. Furthermore, it made 88,333 RMB in net income for nine months ended 30 September 2009, an increase from net loss of 99,298 RMB for nine months ended 30 September 2008. [1]
ReferencesCategories: Topic | IPO | NYSE | Real Estate



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