Monday, October 24, 2005

Three Chinese Technology Firms Headed for Nasdaq IPOs

From MSN Money:

"Three Chinese technology firms are readying initial public offerings on the Nasdaq worth a combined $500 million or more by the year's end, seeking to capitalize on strong demand for China plays on global markets."

"On Monday, chip designer Actions Semiconductor and chip maker Vimicro International filed for separate IPOs worth up to $225 million and $100 million, respectively.
A third company, solar energy equipment maker Suntech Power, is planning a roughly $200 million IPO on the Nasdaq by the end of the year, according to a source familiar with the situation."


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