Perfect World launches Nasdaq IPO

The Chinese online game developer launches its offshore listing at a discount to its peers as it seeks to overcome a short trading history.

Chinese online game company Perfect World yesterday kicked off the roadshow for an initial public offering that aims to raise between $141.6 million and $165.2 million. The offering will see Perfect World join its Mainland peers Shanda Interactive Entertainment, Netease.com and The9 Limited on the Nasdaq board.

The listing comes at a time when investors are getting more comfortable about the growth in ChinaƆs online game industry and less concerned about the regulatory environment, which has helped the share prices...

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