perfect-world-launches-nasdaq-ipo

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 ChinaÆs online game industry and less concerned about the regulatory environment, which has helped the share prices of Shanda and The9 more than double over the past eight months.

International Data Corporation projects that online game revenues in China will increase from $816 million in 2006 to $3 billion by 2011. This...
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