iAsiaWorks, an internet services company, is taking advantage of an upturn in Nasdaq to move ahead with plans to list its shares for the first time on the exchange, according to a filing with the Securities and Exchange Commission.
San Mateo, California-based iAsiaWorks, whose Asian headquarters are in Hong Kong, filed to sell nine million shares at between $13 and $15 each. If the shares are sold at the top end of the range the company would raise $135 million. The company is setting aside 1.35 million shares for an overallotment option, boosting the total amount it could raise to $155.2 million.
The reason they've probably gone ahead is that...
