Shanda Games IPO goes online for $788 million

After the US listing, the company will remain firmly under the control of its parent Shanda Interactive.

Shanda Games IPO goes online for $788 million

Shanda Games yesterday launched an initial public offering that aims to raise as much as $788 million ahead of a US listing. The company is a spin-off from Nasdaq-listed Shanda Interactive Entertainment, which will retain a 78.1% stake in Shanda Games after the IPO.

The offering consists of 63 million American depositary shares ADS, each representing two Class-A ordinary shares. Shanda Games is offering 13 million primary ADS, while the...

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