iAsiaWorks aims to raise up to $135 million in Nasdaq IPO

iAsiaWorks is taking advantage of what may be a temporary upturn in the Nasdaq to sell nine million shares in an initial public offering.

iAsiaWorks, an internet services company, is taking advantage of an upturn in Nasdaq to move ahead with plans to list its shares for the first time on the exchange, according to a filing with the Securities and Exchange Commission.

San Mateo, California-based iAsiaWorks, whose Asian headquarters are in Hong Kong, filed to sell nine million shares at between $13 and $15 each. If the shares are sold at the top end of the range the company would raise $135 million. The company is setting aside 1.35 million shares for an overallotment option, boosting the total amount it could raise to $155.2 million.

The reason they've probably gone ahead is that...

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