BIZCHINA / Biz Media Digest
IT: Kingsoft plans to go public
(Shenzhen Daily)
Updated: 2006-08-25 16:02
Software developer Kingsoft Corp. plans to raise roughly US$100 million
from an overseas listing next year. It has attracted investment from a
group of foreign investors that includes Intel Corp., a Kingsoft
executive said Wednesday.
��We are assessing IPO opportunities in different markets, including
NASDAQ. In terms of cost and geography, however, Hong Kong is more
convenient,�� said Kingsoft chief financial officer Wang Donghui.
Kingsoft said a group of companies led by Singapore��s Government
Investment Corp. agreed to invest US$72 million in the company. Also in
the group were Intel��s venture-capital arm, Intel Capital, and New
Horizon Fund, a private equity fund set up by Singapore state investment
company Temasek Holdings Pte. and Tokyo-based financial service company
SBI Holdings Inc.
(For more biz stories, please visit Industry Updates)
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