China's online gamer files for US IPO

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Last updated at: (Beijing Time) Tuesday, April 06, 2004

China's online gamer files for US IPO

China's largest online games operator, Shanda Interactive Entertainment has filed with US regulators for an initial public offering valued at up to 200 million US dollars.

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China's largest online games operator, Shanda Interactive Entertainment has filed with US regulators for an initial public offering valued at up to 200 million US dollars.

According to a preliminary prospectus filed with the U.S. Securities and Exchange Commission, Goldman Sachs will underwrite most of the IPO for Shanghai-based Shanda.

Other groups like Piper Jaffray and the Hong Kong and Shanghai Banking Corporation or HSBC will also take part.

Shanda said it has applied to list its American depository shares on the Nasdaq stock market under the ticker symbol "SNDA".

Source: Xinhua

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