Sohu and Netease jump on fundraising bandwagon

The two Chinese portals seek to follow Sina Corp and tom.com with plans to raise $100 million each through the convertible market.

Investors report that Nasdaq-listed Sohu.com and Netease.com are preparing to issue convertible bonds early this week through Deutsche Bank, which has the mandate for both of the competing internet operators. News of their issuance plans is unlikely to come as much of a surprise given the stock price performance of both companies and the success of transactions last week for Sina Corporation and tom.com.

Market participants comment that all four have been keen to capitalize on the run-up...

To continue reading, please login or register for free

Click for more on: sohu | netease | jump | fundraising | bandwagon

Print Edition

FinanceAsia Print Edition

CONFERENCES