Wednesday, April 13, 2005

China's Kingsoft plans Nasdaq IPO

From Reuters: China's Kingsoft plans Nasdaq IPO worth up to $300 mln-source

"Leading Chinese software and online gaming firm Kingsoft Corp. plans to raise US$100-$300 million in a Nasdaq IPO in the third quarter of this year, a source familiar with the situation told Reuters on Wednesday."

"Rival Shanda Networking Co. Ltd. (SNDA.O) , which last year raised US$152 million in a Nasdaq IPO, operates two of the three most popular online games in China, according to IDC. The research firm said Kingsoft's JX Online game was the sixth-most popular game in China last year."

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