iAsiaWorks, an internet services provider that's expanding into web-hosting and data management, is on track to price shares in itsáinitial public offering onáNasdaq at between $13 and $15. The final price will be announced 2 August.
The San Mateo-based company, whose Asian headquarters are in Hong Kong, is offering 9 million shares in the hope of raising as much as $135 million.áThe sale is being managed by Goldman Sachs, Morgan Stanley and Salomon Smith Barney. After the sale iAsiaWorks management will hold 63.5% of the company. The public willá holdá 36.5%. The underwriters have the option of buying 1.34 million additional shares if demand exceeds supply.
The company offers internet access, web-hostingáandánetwork management services...
