Shanda Interactive and China Finance Online tap equity markets

Shanda returns to the equity markets with a convertible while China Finance Online prices Nasdaq IPO.

Two Chinese e-commerce companies took full advantage of the latest bull run in the sector at the end of last week with well-received equity offerings on the Nasdaq.

A debut convertible by online gaming company Shanda Interactive was particularly impressive. The base offer size and greenshoe were both upsized and if the latter is fully exercised, the $275 million deal will rank almost twice the size of the $153 million IPO, priced only five months...

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