Sohu and Netease go head to head for investment dollars

China''s second and third biggest internet portals are tapping the US equity markets at the same time. Netease lists this week, Sohu next month. Is there room enough for both?

Netease.com and Sohu.com, China's second and third biggest internet portals, are going head to head in a battle for investment dollars as they prepare to list their shares for the first time on Nasdaq. It's a contest that could set the benchmark for what investors are prepared to pay for second-tier internet companies in Asia, analysts say.

Sohu, which kicked off its roadshow in Hong Kong today, raised the price range of its offer to between $16 and $19 a share from $13 to $16 a share, suggesting demand for the 4.6 million new shares may be greater than anticipated. At the new price, the company could...

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