Acorn Sets IPO Terms

Acorn International, a Shanghai, China-based marketer of consumer products through a TV home shopping network, has set its proposed IPO terms to 23.1 million ordinary shares being offered at between $12.50 and $14.50 per share. It plans to trade on the NYSE under ticker symbol ATV, with Merrill Lynch and Deutsche Bank serving as co-lead underwriters. SAIF Partners holds a 26.6% pre-IPO position.