Three Chinese companies -- a casino operator, a solar-power company and a maker of plastic wrap -- led a pack of four new stocks in trading Friday, as the U.S. IPO market enters its final week of activity before a holiday hiatus that will last until mid-January. Three other stocks are expected to begin trading Wednesday.
Melco PBL Entertainment Ltd. closed at $21.55 a share on the Nasdaq Stock Market, up 13 percent from its IPO price of $19 a share. The casino company, based in Hong Kong, sold more stock than expected -- 60.3 million American depository shares, up from 53 million -- at a price above the $16 to $18 range set by underwriters.
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