Asia Online files to raise up to $100 million in Nasdaq IPO

Asia Online has filed to raise $100 million in a Nasdaq IPO, setting the stage for a sharp battle with rival iAsiaWorks for dominance in Asia''s growing market for internet services.
August 03, 2000
Kevin Randolph, chief executive of Asia Online, an internet services company that today filed to raise as much as $100 million in an initial share sale on Nasdaq, is not the kind of guy to leave things to chance – at least not when it comes to money.

Randolph's office, on the 16th floor of Hong Kong's International Financing Centre, looks out over a sweeping panorama of Victoria Harbour, bustling with junk-boats, tugs and ferries. Randolph sits with his back to it. Instead, he faces a plain wooden door and a decorative, three-foot-high waterfall that stands to one side.

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