Chinese travel site Qunar has raised $167m via its IPO on the Nasdaq.
The company is majority owned by search engine Baidu, and includes backers such as VC firms GSR Ventures and Hillhouse Capital, which invested $57m in the company earlier this year.
In December 2009, GGV led a $9m investment round alongside GSR and Tenaya Capital. Baidu invested $306m back in 2011.
Qunar sold 11.1 million American depository receipts at $15 each, Bloomberg reported, exceeding its initial range of $12 to $14.
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