January 29, 2010 (FinancialWire) — IFM Investments Ltd. (NYSE: CTC), a real estate services provider and the exclusive franchisor for the Century 21 brand in China, has priced its initial public offering of 12,487,500 American Depositary Shares at 7. per ADS. The ADSs will begin trading on the New York Stock Exchange on January 28.

Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) acted as joint book runners.

Each ADS represents 15 class A ordinary shares of the company. The underwriters have been granted a 30-day option to purchase up to 1,873,125 additional ADSs to cover over-allotments.

Beijing-based IFM Investments is a real estate services provider with a network of real estate sales offices in China. Century 21 China primarily focuses on China’s secondary real estate market, providing company-owned brokerage services, franchise services and mortgage management services.

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