kingsoft-raises-99-million-from-ipo

Kingsoft raises $99 million from IPO

The China-based gaming and software company sets the price at the top of the range after drawing solid demand from investors.
By
October 01, 2007
Riding on the back of a bullish market, Chinese online game and software developer Kingsoft Corporation raised HK$768 million $99 million from its Hong Kong initial public offering after fixing the price at the top of the range. If the greenshoe is exercised in full, the deal will increase by another 15% to $114 million.

The timing of the offering was almost ideal with the Hang Seng Index surging more than 10% over the past two weeks. It closed at a new record high of 27,142 points last Friday, which coincided with KingsoftÆs final day of bookbuilding. Fellow Chinese online game developer Perfect World has also rallied 69% since it listed on Nasdaq at...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222