China Finance IPO: hoping to catch bull run in internet stocks

Roadshows begin for the Nasdaq IPO of Chinese online financial data and research provider.

Roadshows began in Hong Kong yesterday October 6 for a $62 million to $74.4 million IPO of e-commerce operator China Finance Online. The JPMorgan-led deal is being marketed at $10 to $12 per share and will comprise 6.2 million ADRs, of which 80.6% will be primary and 19.4% will be secondary.

There is also a 15% greenshoe and two co-managers Jefferies Broadview and WR Hambrecht. Pre-shoe the company will have a freefloat of 28%.

The deal is on a fairly accelerated schedule and will price on the US West Coast next Thursday and begin trading on Nasdaq the following day.

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